Indian Intraday shares fell over 3 percent today, marking its biggest daily loss since the rupee crisis in 2013 as emerging markets fall down, while safe-haven assets such as U.S. Treasuries surged. The Bombay Stock Exchange Sensex closes at 26988 were nick down by 855 points or drive down by 3.07 percent. Nse Nifty Closes at 8128 were wound down by 251 points or plant slide down by 3 percent. The BSE Midcap and Smallcap indices ended largely in-line with the front-liners with losses of around 3 percent each. in today intraday trading.

Sensex Major Resistance on Upside at 27574-28160-28746

Sensex Major Support on Downside at 26671-26354-25768

Trend Deciding Level at 27257

Nifty Index Major Resistance on Upside at 8355-8581-8808

Nifty Index Major Support on Downside at 8007-7885-7659

Trend Deciding Level at 8233

 Major Headlines

IRB Infrastructure drop after Central Bureau of Investigation incursion

Sugar harvest boost by 27.3 percent to 7.5 million tones

Zen Tech punch five percent upper trail

Nifty Indices

The Nifty fell sharply in today's trading session breaking all the crucial supports in the short term. It fell by more than 250 points in one day which certainly indicates that the trend has reversed. So we have changed our short-term target from up to down, that is in racing bike with our medium-term target. The swing low of 7961 is quite likely to be broken in the short term which will then confirm the wave 4 bottom but before that a lot more is left on the downside. The break of 8147 further confirms that the wave C down has begun. Now, the reversal on the higher side is pegged at 8446. So positional traders can remain short with a target of 7723.

In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8241 and 8271 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8324 and 8385 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned negative.

The market duration was turned negative with 212 advances and 1341 declines, Unchanged 36 Total Issue 1589 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8381-8613-8844

Nifty Future Major Support on Downside is at 7959-7769-7537

Trend Deciding Level at 8191

Bank Nifty Major Resistance on Upside at 18846-19210-19574

Bank Nifty Major Support on Downside at 18297-18112-17748

Trend Deciding Level is at 18661

30 Days Simple Moving Averages @ 8334

50 Days Simple Moving Averages @ 8332

150 Days Moving Averages @ 7948

200 Days Simple Moving Averages @ 7659

5 Days Rsi at 30 and 14 Days Rsi at 40 Indicates Nifty Place in Trading Zone, with Bearish Moment.

Share Tips Intraday

Buy Nifty Jan Intraday Fut above 8180 sl 8155 Tgt 8200-8225 {Or} Sell 8130 sl 8155 Tgt 8110-8085

Buy Bank Nifty Jan Intraday Fut above 18535 sl 18485 Tgt 18585-18635 {Or} Sell Below 18435 sl 18485 Tgt 18385-18335

 Curious Fact

The Planet Saturn has moons, and Titan is the fifteenth, and the largest of them. Titan is the only moon in the Solar System with a fully developed, planet-like atmosphere.

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