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CNX SMALL CAP INDEX Trading Tips, Technical Analysis Chart - Index facing strong support around 4920, If closes below 4920 then further weakness expecting. (Updated for 30th July 2014, Wednesday).


CNX SMALL CAP INDEX




  • CNX SMALLCAP INDEX was moving in a up channel formation, but now index has now come out from its formation , as shown above in chart no.1, this indicates bears are now active in index and Smallcap index may see weakness in coming days.
  • Daily chart also indicates Smallcap index is now facing strong trend line and 50 days moving average support around 4920, if closes below and stays below 4920 then index is looking weak for next 1-2 trading days.
    • Intraday close watch once index starts trading below 4920 , if stays below then intraday weakness is expecting.
  • Chart also indicates Index is facing strong 23.6% fibonacci retracement support around 4920, if closes below then further weakness expecting and Index will find next strong support around 4600 (its 38.2% fibonacci retracement).
  • Click here to see all the reports (tips) published by us on CNX SMALLCAP INDEX (as per technical analysis point of view).



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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.