Best Stock For Intraday Trading

Today Bank Nifty open flat too negatively and It was showing volatile session in the market and close negatively. Today support is 10854-10800-10750 mark, higher level resistance 10941-11000-11139 watch out. Today Magic No. 10889.

CNX IT : After the result of IT major Infosys - overall disappointment in IT Sector, however TCS result gave some relief. Overall short to medium term trend of the IT Index is down after a made a high of 7374. Index already broken major support range 6500-6750 and currently is trading well below its 200 day moving average. On the other hand both daily and weekly chart, rate of change indicators are featuring in the negative territory signaling selling interest. 

Daily Moving Average and RSI have signaled a sell and are on the brink of entering the negative territory. We may consider down side on weakness it will take support 6170 and 6000 mark in ensuing week. On the up side successfully crossover 6700-6850 will mark the change of trend and may test 7000 mark. On the long term still hold bullish as long as move above 5450. Strong move above 7000 will test 7500-8000 mark. Below 6300 bear favour.

Today: CNX IT open positively and it was showing some volatile situation and close positively. Now we may consider support of 6300-6250 and resistance we can see around firstly 6400-6484.

INTRADAY NIFTY FUTURE:  Closed at 5528.

Weekly Trend Decider 5550

Today resistance 5541-5560 - successfully crossover with volume heading towards 5600-5630

Lower level support 5480 - break and trade below, down side target 5450.

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INTRADAY NIFTY FUTURE

Nifty Future Closing : 5532

Watch carefully today's nifty magical figure... 5530
Buy Nifty Future above magical figure for upside
First target...   5557 and above it
Second target...    5587
and crosses over both it will come...    5610
Sell Nifty Future, if Nifty is running below magical figure then your downside
First target...    5510
Second target... 5488
Third target... 5458

SENSEX

(Closing -18314)
Today's Sensex magical figure... 18310
Above magical figure upside targets ,
First target ... 18390
Second target...18480
Third target ... 18550
Sensex Running Below Magical Figure,
First target ....   18250
Second Target ... 18185
Third target ...18100

BANK NIFTY STOCK FUTURE

(Closing - 10967)
Today's magical figure...11000

Buy it above magical figure upside
First target ... 11075
Second target ... 11165
Third target...    11210

Sell it if running below Magical figure for downside:
First target ...10900
Second target...10864
Third target ... 10812

AXIS BANK FUTURE

(Closing - 1356)

Today's magical figure... 1357
Buy it above magical figure upside targets
First target ... 1367
Second target ... 1378
Third target ... 1407
Sell it running below Magical figure for downside:
First arget ... 1347
Second target ...1337
Third target ... 1326

INFOSYS FUTURE

(Closing - 2817)
Today's magical figure... 2824
Buy it above magical figure upside targets
First target ... 2848
Second target ... 2868

Third target ... 2892
Sell it running below Magical figure for downside:
First arget ... 2789
Second target ...2768
Third target ... 2748