HEMANT PARIKH
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NIFTY : 12 / 07 / 2016 ( HEMANT )

Hemant Parikh at 10:29 PM - Jul 11, 2016 ( ) Views: 570

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Date Open High Low Close Volume
2016-07-11 8413.35 8475.25 8407.05 8467.90 154,398,000
2016-07-08 8350.00 8353.30 8287.55 8323.20 142,159,000
2016-07-07 8342.00 8361.95 8317.70 8337.90 160,326,000
2016-07-05 8379.30 8381.45 8319.95 8335.95 143,253,000
2016-07-04 8376.75 8398.45 8364.70 8370.70 158,958,000

 

NIFTY 50 seems to be in uptrend. Bullish

NIFTY 50 is trading near the highs of last 1 year. 

In the medium term the prices have been in Uptrend.


NIFTY 50 is trading near the Top of the day's range. 

Higher High and Higher Low compared to previous day. Bullish

Day's Range: 8407.05 ~ 8475.25

NIFTY 50 had a gap-up opening with gap now acting as support area between 8353.30 ~ 8407.05

NIFTY 50 opened at 8413.35 compared to previous close of 8323.20


Day's pivot point levels (support and resistance):


NIFTY 50 is trading Above the pivot. 

Pivot Point 8,450.07

Pivot Point Resistance at 8,493.08(R1) --> 8,518.27(R2) --> 8,586.47(R3) --> 8,654.67(R4)

Pivot Point Supports at 8,424.88(S1) --> 8,381.87(S2) --> 8,313.67(S3) --> 8,245.47(S4)

*pivot points are calculated based on the closing data of 2016-07-11


Volume and moving average analysis:


20-Day SMA: 8,231.8

20-Day average volume: 175,000,850

20-Day Range: 7,927.1 ~ 8,475.3

NIFTY 50 has average daily volume of 175,000,850 compared to today's volume of 154,394,000. It is currently trading Above 20 day simple moving average. 

Intraday Bullish!!!


50-Day SMA: 8,071.0

50-Day average volume: 194,975,500

50-Day Range: 7,678.4 ~ 8,475.3

Short Term Trend is Up!!!


NIFTY 50 has support near the gap up area between today's low and previous high 8353.30 ~ 8407.05 and further near 8323.20

8407.05 to act as intraday support.


52-week range:


52 Week Range: 6825.80 ~ 8654.75

It is currently trading about 2% below it's 52-week high.



From: HEMANT PARIKH at 10:33 PM - Jul 11, 2016( )


DISCLAIMER ::

All the opinions expressed on this blog are for educational purpose only. The strategies mentioned on this blog may not be suitable for you. Material presented here does not take into account your particular financial situation, investment objectives and is not intended as recommendations appropriate for you. You must make an independent decision regarding strategies mentioned on this blog. Before acting on the information on this blog, you should strongly consider seeking advice from your own certified financial or investment adviser 


(1 to 3 out of 3) - Latest Replies on Top | First | << Previous | Next >> | Last |
Hemant Parikh at 03:10 PM - Jul 12, 2016 ( )

JUST TOUCH TODAY HIGH <><><> 8534.55 <><><> 

Hemant Parikh at 09:45 AM - Jul 12, 2016 ( )

TODAY'S NF RANGE 

8464----8536.20

 

WHICH EVER SIDE IS BROKEN , NF MAY GO THAT SIDE

THIS IS MY PERSONAL VIEW , MAY DIFFER WITH YOU ALL.

 

Hemant Parikh at 09:28 AM - Jul 12, 2016 ( )

CMP :: 8505  TODAY HIGH : 8516.90

1 to 3 out of 3

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