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Bank Nifty Technical Analysis Chart Updated on 05th May 2015, Wednesday.


BANK NIFTY FUTURES


Bank Nifty technical analysis hourly chart indicates that it is finding strong trend line and golden ratio resistance at current levels, as long as Bank futures holds below its resistance zone bears will be favored and we can see some bullish action in intraday point of view once it starts trading above its resistance zone.

Even Bank Nifty major technical indicator MACD" indicating weak signal as shown in above graph.

For today trading bank nifty index is trading below by -.26% (48.30 pts) and Nifty index is also down by -27.20 pts and about 288 shares are advanced and 378 shares are declined. Bharti Airtel is up by 4% and stocks on loosing side are BHEL, Bajaj auto, Tata motors and TCS. The Indian rupee up by 10 paise comparing with previous day.

On Global point of view US stock market also closed negative. Brent crude is now above USD 67 per barrel.
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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

.