Indian stocks fallen today a snap of five-day winning smudge as shares of blue chips such as ICICI Bank declined as part of an emerging markets retreat over fears of military tensions sandwiched between Russia and Ukraine. The Bombay Stock Exchange Sensex closes at 20947 were down by 174 points or fallen 0.82 percent. Bse Mid cap index closing flat with a positive bias and the Bse Small Cap Index were slipped by 0.3 percent and BSE benchmark index which was down 1 percent on today Day Intraday Trade Closes.

Sensex Major Resistance on Upside at 2108521223-21361

Sensex Major Support on Downside at 20866-20785-20647

Trend Deciding Level at 21004

Nifty Index Major Resistance on Upside at 6264-6305-6346

Nifty Index Major Support on Downside at 6198-6173-6132

Trend Deciding Level at 6239

 Major Headlines

 Allahabad Bank raises base rate, BPLR by 5 bps w.e.f March 4

Brigade Enterprises launches retirement Homes Parkside project in Bangalore

AstraZeneca Pharma board to mull parent's delisting offer on March 5

BHEL block deal: 11.4 cr shares exchanged on BSE at Rs 167.20/share

Asian Paints block deal: 18.5 lakh shares exchanged on BSE at Rs 471.50/share

Larsen and Toubro wins Rs 1,550 cr order for Oman road project

Coal India's February production at 42.56 mt Vs target of 45.41 mt

Power Grid Corp board approves investments worth Rs 575 cr

Ramco Systems, Malaysia Airlines ink IT Solutions deal

 Indian Indices

 The Nse Nifty Index closed in the negative note today, were down by 55 points and closes at 6221. In excess of the next couple of days it is expected to trend is up till 6300. In this period the key support will be at 6155 and resistance will be at 6300.

The Nifty has been forming higher tops and higher bottoms of late. It has also closed above the crucial retracement level, ie 6265, which is a positive sign for the market

In the daily chart the index is trading above the Twenty-Daily moving averages (DMA) and the Forty-DMA, ie 6104 and 6155 correspondingly. The momentum pointer is trading in positive mode.

In the hourly chart, the Nse Nifty is trading around the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 6242 and 6209 correspondingly, which are vital intra-day levels. The hourly impetus indicator encompass turned negative. The market duration was turned negative mode today with 587 advances and 836 declines on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 6277-6318-6358

Nifty Future Major Support on Downside is at 6212-6188-6147

Trend Deciding Level at 6253

Bank Nifty Major Resistance on Upside at 10799-10958-11117

Bank Nifty Major Support on Downside at 10546-10452-10293

Trend Deciding Level is at 10705

5 Daily Moving Average @ 6224

50 Daily Moving Average @ 6184

200 Daily Moving Average @ 5984

5 Days Relative Strength Index @ 60 and 14 Days Relative Strength Index @ 56 INDICATES NIFTY PLACED IN TRADING ZONE, WITH BULLISH MOMENT.

 Global Trends

 Gold Trading Around 1350-1347

US Dollar Index Trading Above 81-79.91

Nymex Crude Trading Above 100-104.14

DOW Future Trading with 119 points loss on Monday Intraday Trade

Mild Red Global Trend Seen

Intraday Tips

 Buy Nifty Fut March Intraday above 6270 sl 6245 Tgt 6290-6315 {Or} Sell Below 6220 sl 6245 Tgt 6200-6175

Buy Bank Nifty March Intraday above 10700 sl 10650 Tgt 10750-10800 {Or} Sell below 10600 sl 10650 Tgt 10550-10500

 Curious Fact

Sri Ranganathaswamy Temple, Srirangam in Tamilnadu state is the largest functioning Hindu temple in the world. This temple occupies an area of 156 acres, making it the largest temple in India.

Article Source: http://www.charanwings.com/blog/post/Nifty-Sheds-Credence-and-Intraday-Tips