Showing posts with label Intraday Trading Tips Today. Show all posts
Showing posts with label Intraday Trading Tips Today. Show all posts
Intraday Tips for Tomorrow- Friday 17th June 2011
[11:54 PM | 0 comments ]
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Nifty Futures
Sell Nifty Futures below Rs 5,393
Target Rs 5,363-5,336
Stop Loss below Rs 5,421.

Bank Nifty Futures
Sell Bank Nifty Futures below Rs 10,535
Target Rs 10480-10400
Stop Loss below Rs 10,585.

LARSEN AND TOUBRO
L&T breached its support level today and made intraday low of 1672.35. The stock has resistance level at 1715 and support level at 1665. In short term it is expected to consolidate with negative biasness and remain range bound.
Resistance2-  1722.4,  Resistance1-  1700.25,  Pivot Point  1686.3,
Support1-  1664.15,  Support2-  1650.2
Sell L & T
Target 1662 - 1640
Stop Loss - 1690

RELIANCE CAPITAL
Reliance capital in today's trading session manages to trade and close above the 10 days and 50 days moving averages and it was up by 1.05 %. It is now taking support at 546 and resistance at 561. One can go for long position in it at 561 above this level it would be in an upward trend.
Resistance2-  571.68,  Resistance1-  563.67,  Pivot Point  552.88,
Support1-  544.87,  Support2-  534.08
Buy Reliance Capital  Above 561
Target - 585
Stop Loss - 548.



Intraday Tips for Tomorrow- Thursday 16th June 2011
[11:57 PM | 0 comments ]
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Nifty Futures
Buy Nifty Futures around Rs 5,400-5,410
Target Rs 5,440-5,460
Stop Loss below Rs 5,380.

Bank Nifty Futures
Buy Bank Nifty Futures around Rs 10,570-10,580
Target Rs 10,630-10,680
Stop Loss below Rs 10,540.

KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK today resisted from the higher levels and made an intraday low of 437.35. The stock has support level at 432 and resistance level at 452. It is expected consolidate with negative biasness in short term, breaching of support level may take the stock at lower levels.
Resistance2-  454.55,  Resistance1-  446.85,  Pivot Point  442.1, 
Support1-  434.4,  Support2-  429.65
Sell KOTAK MAHINDRA
Target - 433 & 425.
Strict Stop Loss - 444

RANBAXY
Ranbaxy traded above its 10 days and 50 days moving averages with good volume and closed at 539.75; from this level either side of movement would be expected. The stock may reach to the level of 560 if it manages to trade above the resistance level of 547, above this level it might be in an upward trend.
Resistance2-  548.38,  Resistance1-  544.07,  Pivot Point  540.68,
Support1-  536.37,  Support2-  532.98
Buy Ranbaxy above 538.00
Target - 545
Stop Loss - 532