Nifty Near Its All Time High, Crucial Support At 11060


Nifty closed on a bullish note at 11134 today. The index rallied by 137 points from its recent low of 11006 which is also the 10 DMA support for Nifty. The market displayed significant strength throughout the day as it traded above its 5 DEMA high (11080 approx). In today’s trade, Nifty made a high of 11143 and the rally is likely to continue till its upper Bollinger band (11185 approx). The index will find a strong zone of support zone around its 50 HMA (11020 approx).

Stocks Under The Scanner
In today’s trade Grasim share price rose 8.20%, while Hindalco share price was also up 5.63%. Kotak bank shares were down 2%



The Outlook for 25th July 2018
Daily Chart Levels
In today’s trading, Nifty closed at 11134. The index made a high of 11143 which was approximately 30 points short of its all-time high of 11171. The trend remains bullish and Nifty is likely to find its nearest support around its 5 DEMA high (11075 approx). However, the 50 HMA (11020 approx) will be a strong support zone for the bulls. The next resistance area for Nifty is around its upper Bollinger band (11185 approx).



Hourly Chart Levels
In the hourly trading session, the Nifty share price has closed around its 5HEMA high ( 11134approx). The index is likely to find its first support around its 10 HMA high (11115 approx). However if Nifty breaks and trades below its 15 HMA ( 11090 approx), it will find its next strong support around its 50 HMA (11020 approx).





The Outlook For 25th July 2018
Bank Nifty Daily Chart Levels
In today’s trading session, Bank Nifty share price closed above its 5DMA (26974 approx). The index is likely to find its first round of resistance around its 5 DEMA high (27060 approx). However, if Bank Nifty breaks and trades below its 10 DMA (26895 approx) it will find its next support around its 15 DMA (26800 approx). 



Bank Nifty Hourly Chart Levels
In the hourly trading timeframe, Bank Nifty share price closed around its 5 HMA (26974 approx). The index will find a strong support around its 50 HMA ( 26900 approx). If Bank Nifty breaks and trades below its 100 HMA (26875 approx) it will find its next support around its lower Bollinger band (26770 approx).





Large Cap, Mid Cap & Small Cap Gainers





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India’s benchmark index Nifty closed on a bullish note at 11134 today. The index rallied by 137 points from its recent low of 11006 which is also the 10 DMA support for Nifty. The market displayed significant strength throughout the day as it traded above its 5 DEMA high (11080 approx). In today’s trade, Nifty made a high of 11143 and the rally is likely to continue till its upper Bollinger band (11185 approx). The index will find a strong zone of support zone around its 50 HMA (11020 approx).

Stocks Under The Scanner
In today’s trade Grasim share price rose 8.20%, while Hindalco share price was also up 5.63%. Kotak bank shares were down 2%



The Outlook for 25th July 2018
Daily Chart Levels
In today’s trading, Nifty closed at 11134. The index made a high of 11143 which was approximately 30 points short of its all-time high of 11171. The trend remains bullish and Nifty is likely to find its nearest support around its 5 DEMA high (11075 approx). However, the 50 HMA (11020 approx) will be a strong support zone for the bulls. The next resistance area for Nifty is around its upper Bollinger band (11185 approx).



Hourly Chart Levels
In the hourly trading session, the Nifty share price has closed around its 5HEMA high ( 11134approx). The index is likely to find its first support around its 10 HMA high (11115 approx). However if Nifty breaks and trades below its 15 HMA ( 11090 approx), it will find its next strong support around its 50 HMA (11020 approx).





The Outlook For 25th July 2018
Bank Nifty Daily Chart Levels
In today’s trading session, Bank Nifty share price closed above its 5DMA (26974 approx). The index is likely to find its first round of resistance around its 5 DEMA high (27060 approx). However, if Bank Nifty breaks and trades below its 10 DMA (26895 approx) it will find its next support around its 15 DMA (26800 approx). 



Bank Nifty Hourly Chart Levels
In the hourly trading timeframe, Bank Nifty share price closed around its 5 HMA (26974 approx). The index will find a strong support around its 50 HMA ( 26900 approx). If Bank Nifty breaks and trades below its 100 HMA (26875 approx) it will find its next support around its lower Bollinger band (26770 approx).





Large Cap, Mid Cap & Small Cap Gainers





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