Bulls Win The Upper Hand In Nifty, 11090 Is The Life Line For Buyers


Nifty bulls saved the day with a massive buying spree around the 11125 levels today. In today’s session, Nifty closed comfortably at 11167 which was above the important support zone of 11132. For the buyers, 11132 is a significant zone as it was the closing of the index for the last two consecutive days. The buyers will find a strong support around the 5 DMA (11090 approx) which is also the low of the index in the last three trading sessions. On the whole, the July expiry belonged to the bulls as Nifty climbed 570 points between its low of 10612 and its all-time high of 11180.

Stocks Under The Scanner
In today’s trade SBI share price rose 6.40%, while Eicher Motors share price was also up 3.71%. YesBank shares were down 4.03% today.



The Outlook for 27th July 2018
Daily Chart Levels
The bulls thwarted what should have been a quick sell-off on the last day of the July expiry and launched a massive buying spree around the 11125 mark today. Nifty traded between 11179 and 11125 today, which was a move of 54 points. The index closed at 11167 and is likely to find a strong support around its 5 DMA (11090 approx). However Nifty is likely to find its next zone of resistance around its upper Bollinger band (11231 approx)



Hourly Chart Levels
In the hourly charts, the Nifty share price has closed around its 5 HEMA high ( 11167 approx). The index is likely to find a strong support around its 34 HMA( 11100approx). However, the next hourly resistance zone for Nifty is around its hourly upper Bollinger band (11190 approx).





The Outlook For 27th July 2018
Bank Nifty Daily Chart Levels
In today’s trade, Bank Nifty share price closed at 27406 approx. The index is likely to find its first round of resistance around its weekly upper Bollinger band (27852 approx). Bank Nifty will find its nearest support around its 5 DEMA high (27185 approx).



Bank Nifty Hourly Chart Levels
In the hourly charts, Bank Nifty share price closed around its upper Bollinger band (27406 approx). The index will find its support around its 5 HMA (27340 approx). If Bank Nifty breaks and trades below its 10 HMA (27244 approx) it will find its next support around its 20 HMA (27100 approx).





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Nifty bulls saved the day with a massive buying spree around the 11125 levels today. In today’s session, Nifty closed comfortably at 11167 which was above the important support zone of 11132. For the buyers, 11132 is a significant zone as it was the closing of the index for the last two consecutive days. The buyers will find a strong support around the 5 DMA (11090 approx) which is also the low of the index in the last three trading sessions. On the whole, the July expiry belonged to the bulls as Nifty climbed 570 points between its low of 10612 and its all-time high of 11180.

Stocks Under The Scanner
In today’s trade SBI share price rose 6.40%, while Eicher Motors share price was also up 3.71%. YesBank shares were down 4.03% today.



The Outlook for 27th July 2018
Daily Chart Levels
The bulls thwarted what should have been a quick sell-off on the last day of the July expiry and launched a massive buying spree around the 11125 mark today. Nifty traded between 11179 and 11125 today, which was a move of 54 points. The index closed at 11167 and is likely to find a strong support around its 5 DMA (11090 approx). However Nifty is likely to find its next zone of resistance around its upper Bollinger band (11231 approx)



Hourly Chart Levels
In the hourly charts, the Nifty share price has closed around its 5 HEMA high ( 11167 approx). The index is likely to find a strong support around its 34 HMA( 11100approx). However, the next hourly resistance zone for Nifty is around its hourly upper Bollinger band (11190 approx).





The Outlook For 27th July 2018
Bank Nifty Daily Chart Levels
In today’s trade, Bank Nifty share price closed at 27406 approx. The index is likely to find its first round of resistance around its weekly upper Bollinger band (27852 approx). Bank Nifty will find its nearest support around its 5 DEMA high (27185 approx).



Bank Nifty Hourly Chart Levels
In the hourly charts, Bank Nifty share price closed around its upper Bollinger band (27406 approx). The index will find its support around its 5 HMA (27340 approx). If Bank Nifty breaks and trades below its 10 HMA (27244 approx) it will find its next support around its 20 HMA (27100 approx).





Large Cap, Mid Cap & Small Cap Gainers






 
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