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BANK OF NEW YORK coming down from resistance, will now find strong support around 36.85.


BANK OF NEW YORK


  • Stock coming down from 38.2% fibonacci retracement resistance zone @ 38.74, this indicates bears will be favored as long as trades below.
  • Bank Of New York also trading below 200 DMA this indicates bears will be favored.
  • On down side stock will find strong support around 36.85 and 35.05, once stock closes and holds below its support then further weakness can be seen in coming days. Close Watch.
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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

.