NIFTY Intraday Tips

NIFTY BSE - MARKET STRATEGIES


NIFTY

Nifty closed 5000 which is almost 200 points week to week basis and low was 4860 and high was 5017. Over all momentum in Nifty are indicate that short term correction is over and up trend remain intact as hold their support level. Over all market is up and we may consider support are 5000 and also consider stop loss for any position....In current move modest target are 5080 almost achieved on yesterday and further up move only above that level which will go beyond 5150-5180 likely. At the current level, do not think any short selling, however correction is on going process of bull market and sooner or later it will happen. On the other hand PE ratio of the Nifty moving above 22 which indicate cautious approach at higher level.

Today support are 5025-5000, below correction likely invited, higher level resistance exit 5075, thereafter good move. Weekly trend decider 4936

BSE:

Last week, strong recovery from the low of 16100 and almost closed with weekly high and gained nearly 900 points week to week basis. No we may consider support 16300-16000 as remain decline to buying opportunity close below 16000 will negated the views, higher level above 17000m immediate target 17500-17600 or above. Today support are 16882 and almost reversal and closed at 17050... Further up move only above 17080. Remember last 9 trading session, market unable to close below previous days low.

Dow :Ultimate continue close above 10000......and it was test last week was 10342.. now heading towards 10500-10700-11000 and finally it will test 11250 mark

Title : NIFTY INTRADAY CALL TIPS


RELIANCE

Weekly Trend Decider 2076. . Today support are 2100, 2080, higher level resistance 2150-2162, thereafter do not remain short. On reversal 2161 selling opportunity and real strength show only above that level.

RELIANCE CAPITAL

Any decline to buying opportunity with consider support 800, Strong up move were seen on yesterday trading....Today support 872 and 850, higher level resistance are 900....... Heading towards four digit mark....

SUZLON ENERGY

Stop loss 70 for your long....

BALRAMPUR CHINI

Higher level resistance are 144-146, down side below 139 further weakness and free fall on the card. Weekly Trend Decider 142

SAIL

Looks good and buy on every decline Weekly Trend Decider 177. Close above 189 another round of move on the card.

BANK OF INDIA

Weekly Trend Decider 372. Higher level resistance are 387-389, thereafter do not remain short

DLF

Trading range 370 to 387. sell on resistance level.

Note: More intra-day opportunities will be provided
live during the market hours

Intraday trading can be more profitable if traders plan multiple trades here instead of waiting for higher returns from single trade. A good trading experience and market knowledge is required to become a successful day trader.Stocks of ICICI bank and eicher motors were among the top market gainers today.

Hii Priya,

I Agree with you.Traders should trade with multiple calls with the same amount.They should bifurcate their investment.this strategy will make them profit in every situtaion.