Showing posts with label Intraday Trading Strategy. Show all posts
Showing posts with label Intraday Trading Strategy. Show all posts
Intraday Tips for Wednesday (Technical Overview, 30 March 2011)
[10:26 PM | 0 comments ]
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HERO HONDA
Hero Honda has strong opening in the today's session and continues with it, but shown some profit at the higher level and closed with the gains. The stock is looking bullish in the coming time and above the level of 1585 it may continue with the upside momentum.
Resistance2- 1618.2, Resistance1- 1581.4, Pivot Point 1546.2, Support1- 1509.4, Support2- 1474.2
HINDALCO
Hindalco has strong uptrend. The stock is now consolidating at the resistance level of 210 and a decisive breakout above the level may continue the upside momentum in the short run. The stock is looking risky below the level of 204.
Resistance2- 212.7, Resistance1- 210.3, Pivot Point 207.6, Support1- 205.2, Support2- 202.5
ICICI BANK
ICICI Bank has strong uptrend. The stock is consolidating at the higher level with the positive bias. So if the level of 1120 is breaches then it may show
some more upside in the coming time.
Resistance1- 1117.83, Resistance2- 1108.67, Pivot Point 1100.83, Support1- 1091.67, Support2- 1083.83
JINDAL STEEL & POWER
Jindal Steel & Power found support at 663 which served as a strong support level. In today's trading session it made a smart recovery from the support level and made a high of 686.90. It has resistance at 690 above this level it would be in a bullish trend else below 663 it would be bearish in trend.
Resistance2- 699.97, Resistance1- 689.83, Pivot Point 676.77, Support1- 666.63, Support2- 653.57
KOTAK MAHINDRA BANK
Kotak Mahindra Bank in today's trading closed near to the resistance level of 460. It manages to trade above the 10 days and 50 days moving averages, from this level further upside of movement would be expected. In coming trading session it manages to trade and sustain above the resistance level of 460 it would be in an upward trend.
Resistance2- 463, Resistance1- 459.6, Pivot Point 455.4, Support1- 452, Support2- 447.8

Intraday Calls for Tomorrow (Tuesday, 29 March 2011)
[10:13 PM | 0 comments ]
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Nifty Futures
Buy Nifty Futures above Rs 5,717 for target Rs 5,745-5,760 and stop loss below Rs 5,690.

Bank Nifty Futures
Buy Bank Nifty Futures above Rs 11,650 for target Rs 11,700-11,800 and stop loss below Rs 11,600.

Nifty For Next Week (Nifty Trend for Next Week, Outlook)
[9:24 PM | 0 comments ]
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The coming week should see some gains but it is very difficult to imagine that after a 300 point rally from Monday to Friday the next week will give us the same amount of gains that is very unlikely. So the question is for traders what is the trend, the short term trend has been up for 3 days that persists. Today's breakout tells us that the Nifty has gone up on the upside that is not very convincing because just 4 days ago we had broken down on the down side.

So Nifty needs to stay above 5600 for us to get convinced okay this is the real thing and it may well do so but we will have to give it a few days before we can say yes, we are through. Short term trade should be only on the upside buy on dips. Today is not a dip so all of you who have long positions take out half of it, take profits on at least half, carry the next balance to see if we can get more on Monday or Tuesday. There will be dips next week which will then give re-entry into this trend.


Stock Intraday Tips (Stock Market Daily Report Friday, 25th March)
[6:01 PM | 0 comments ]
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Top Gainers
DLF Ltd. with +6.36%
Infosys Techno. with +5.34%
NTPC with +3.98%
Wipro Ltd with +3.70%
ICICI Bank with +3.61%


Top Loosers
Ranbaxy Labs. with -.66%
Siemens Ltd. with -.17%
GAIL (India) Ltd. with -.12%


 

Intraday Calls for Tomorrow (Nifty Trend for Friday, 25th March)
[9:23 PM | 0 comments ]
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WIPRO
Wipro has strong recovery in today's session but pulled down all its initial gains and closed flat with the negative bias. The stock has immediate support at 430 and if breached this level then it may show some more correction in the coming trading sessions.
Resistance2 444.07, Resistance1- 440.33, Pivot Point 436.17, Support1- 432.43, Support2- 428.27
TATA STEEL
Tata steel is in uptrend. The stock has gap up opening but can't hold it and soon erased it and managed to close flat. The stock has immediate support at 600 and if continue to hold the level then above the level of 620 it may show some uptrend.
Resistance2- 616.6, Resistance1- 613.5, Pivot Point 608.7, Support1- 605.6, Support2- 600.8
TATA POWER
Tata power has continued to trade in uptrend. The stock has positive breakout in it and has closing at the day high. So above the level 1275 it may continue with the uptrend in the coming trading sessions.
Resistance2- 1271.75, Resistance1- 1263.8, Pivot Point 1251.95, Support1- 1244, Support2- 1232.15
RANBAXY
Ranbaxy battered down to 432.10 which served as a major support level, it now moving in a sideways. It is looking strong on charts from this level further upside movement would be expected, above 450 it would be in an upward trend.
Resistance2- 446.2, Resistance1- 443.2, Pivot Point 440.35, Support1- 437.35, Support2- 434.5
MAHINDRA & MAHINDRA
M&M in today's trading session found the support at 648 and resistance at 671.In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 671 else below 648 it would be in a downward trend.
Resistance2- 662.07, Resistance1- 654.08, Pivot Point 647.52, Support1- 639.53, Support2- 632.97
 

Intraday Tips for Tomorrow (Stock Market Daily Report Thursday, 24th march)
[5:50 PM | 0 comments ]
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Top Gainers
Hindalco Indus. with +4.30%
IDFC with +3.80%
Kotak Mahindra Bank +3.12%
Mahi. & Mahi with +3.00%
Tata Consultancy with +2.73%

Top Loosers
GAIL (India) Ltd. with -1.58%
Cairn India Ltd. with -1.04%
Dr. Reddy's Labs with -.95%
Maruti Suzuki India with -.75%
Suzlon Energy Ltd. with -.55%

Intraday Calls for Today (Thursday, 24th March)
[1:35 AM | 0 comments ]
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Nifty Futures
Buy Nifty Futures around Rs 5,450-5,460 for target Rs 5,490-5,520 and stop loss below Rs 5,430.

Bank Nifty Futures
Buy Bank Nifty Futures around Rs 10,850-10,860 for target Rs 10,910-960 and stop loss below Rs 10,800.

Intraday Calls for Tomorrow (Technical Overview for Thursday, 24th March)
[9:36 PM | 0 comments ]
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TCS
TCS is south bound. The stock is looking bearish and closed on weaker notes. The stock has crucial support level of 1050 and if this level is breached then some more selling pressure can be seen in it.
           Resistance     Pivot Point     Support   
        2. 1077.95         1064.2           1050.45
        1. 1071.15                               1057.4
TATA STEEL
Tata steel is in uptrend. The stock is looking strong and has good closing. So above the level of 615 it may continue to trade in uptrend in the coming trading sessions.
           Resistance     Pivot Point     Support 
        2. 616.6             608.7             600.8
        1. 613.5                                   605.6
RANBAXY
Ranbaxy battered down to 445 which served as a major support level, it now moving in a sideways. It is looking weak on charts from this level further downside movement would be expected, below 432 it would be in a downward trend.
           Resistance     Pivot Point     Support
        2. 446.2             440.35           434.5
        1. 443.2                                   437.35
MAHINDRA & MAHINDRA
M&M in today's trading session found the support at 640 and resistance at 660.In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 660 else below 640 it would be in a downward trend.
           Resistance     Pivot Point     Support
        2. 662.07           647.52           632.97
        1. 654.08                                 639.53
JAIPRAKASH ASSOCIATES
In today's trading session it was up by 3.48 %, from this level further upside movement would be expected. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 89 else below support level of 86 it would be in a downward trend.
           Resistance     Pivot Point     Support
        2.  90.55             86.7               82.85
        1.  89.15                                   85.3


Nifty for Tomorrow (Nifty Trend for Thursday, 24th March)
[7:06 PM | 0 comments ]
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Market opened on a flat note today but gradually picked up momentum on the upside which led the indices to close in green. On the daily chart prices  have convincingly closed above the 20-day EMA and suggest further up move. In coming trading session if indices trade above 18260 / 5500 levels then they are likely to test 18,546 - 18,736 / 5,550 - 5,608 levels. On the downside, 18,058  -  17,958 / 5,450  -  5,400 levels are support for the day.


Intraday Tips for Tomorrow (Stock Market Daily Report, 23rd March)
[5:57 PM | 0 comments ]
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Top Gainers
Sesa Goa with +4.50%
Cipla with +4.24%
ICICI Bank with +3.66%
JaiprakashAssociates with +3.48%
DLF Ltd. with +2.89%

Top Loosers
Mahi. & Mahi with -1.22%
Jindal St & Pwr with -.67%
Tata Consultancy with -.48%
Reliance Capital with -.40%
Siemens Ltd. with -.30%




Intraday Call for Wednesday (23rd March)
[11:14 PM | 0 comments ]
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Nifty Futures
Buy Nifty Futures above 5,450 for target 5,480-5,500 and stop loss below Rs 5,420.


Bank Nifty Futures
Sell Bank Nifty Futures below 10,740 for target 10,680-10,610 and stop loss above Rs 10,800.


 

Intraday Tips (Wednesday, 23rd March)
[9:23 PM | 0 comments ]
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BPCL
The stock has successfully taken support at lower levels and is currently moving with positive biasness. One could go for buying on dip strategy in the stock till it breaches the level of 550 in downside as it is expected to continue its bullish trend.
R2-  573.97,  R1-  569.83,  PP  563.87,  S1-  559.73,  S2-  553.77
HDFC
HDFC had a recovery in today's trading session after a continuous downfall previously. It has next support at 610, breach of this level may continue its bearish trend else it may also bounce back from lower support levels.
R2-  649.87,  R1-  643.83,  PP  633.92,  S1-  627.88,  S2-  617.97
ITC
ITC has found support at 165 and resistance 173.In today's trading session it manages to trade and close below the 10 days and 50 days moving averages and it is now trading at 170.05, from this level further upside of movement would be expected. It has resistance at 173 above this level it would be in an upward trend
R2-  172.88,  R1-  171.47,  PP  169.48,  S1-  168.07,  S2-  166.08
TATA POWER
Tata power has closed with the moderate gains on daily basis, it was up by 0.96 %. The stock is now trading with the positive bias and looking strong. So above the resistance level of 1250 it may show some more uptrend in the coming trading sessions.
R2-  1262.8,  R1-  1252.4,  PP  1239.3,  S1-  1228.9,  S2-  1215.8
TCS
TCS is moving in a downward trend. So buying on dip will be good strategy in the stock till it holds the support level of 1059.
R2-  1087.83,  R1-  1078.67,  PP  1070.83,  S1-  1061.67,  S2-  1053.83

Nifty for Tomorrow (Nifty Trend for Wednesday, 23rd March)
[5:57 PM | 0 comments ]
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Nifty opened on positive note at 5,390.85 levels and after making initial low at 5,376.15 levels, Nifty showed good strength and made high at 5428.15 level. Some profit booking was seen from here. But Nifty closed in green at 5413.85 levels with 49.10 points gain.
Nifty showed good strength and closed above 5,400 levels with positive market breadth. If Nifty maintains above 5,400 levels then buying interest till 5,500-5,550 may be seen in coming trading days, else profit booking may be seen.
For daily purpose, the trend deciding level is at 5,400. If Nifty shows strength above 5,400 level, then rally to 5,460/5,500//5,550 levels may be seen. If Nifty does not show strength above 5,400 levels selling pressure till 5,340/5,300/5,260 may also be seen.


 



Intraday Call for Today (Tuesday, 22nd March)
[12:19 AM | 0 comments ]
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Nifty Futures
Sell Nifty Futures around 5,400-5,410 for target 5,370-5,341and stop loss above Rs 5,430.


Bank Nifty Futures
Sell Bank Nifty Futures below 10,740 for target of 10,680-10,610 and stop loss above Rs 10,800.

 

Nifty for Tuesday (Nifty Trend, 22nd March)
[11:11 PM | 0 comments ]
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Nifty opened on positive note at 5,408.75 levels and after making initial day`s high at 5413.30 levels. Nifty showed volatility throughout the day with in 5,413-5,348 range and closed on flat note in red at 5,364.75 levels with 8.95 points loss.
Nifty is trading in range for many days and volatility is being seen on daily basis. Tosday, Nifty also showed volatile session and closed on a flat note. Nifty has resistance in 5410-5430 range and support in 5,360-5,340 range. In this area, volatility may be continuing.
For daily purpose, the trend deciding level is at 5,370. If Nifty shows strength above 5,370 level, then rally to 5,410-5,430/5,500 levels may be seen. If Nifty does not show strength above 5,370 levels selling pressure till 5,340/5,300/5,260 may also be seen.


 

Intraday Tips for Tuesday (Technical Overview, 22nd March)
[9:33 PM | 0 comments ]
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AXIS
AXISBANK
The stock had a correction in today's trading session after a continuous up rally earlier this week. It faces next resistance at 1330; crossing of this level will take the stock further up.
R2- 1305.72, R1- 1292.53, PP 1276.82, S1- 1263.63, S2- 1247.92
BAJAJ AUTO
The stock had a steep pull back from its support levels and moved in an up rally. One could go for buying on dip strategy until it crosses the level of 1335 in downside as it is expected to continue its bullish trend.
R2- 1382.47, R1- 1368.98, PP 1355.77, S1- 1342.28, S2- 1329.07
BHEL
The stock is consolidating currently. If it manages to cross its level of 1995 in upside it may go further upside while it has support at 1900, breach of this level may take the stock downward.
R2- 1943.98, R1- 1932.07, PP 1923.03, S1- 1911.12, S2- 1902.08
DLF
The stock is being consolidating after a fall previously. It has next resistance at 233; crossing of this level may take the stock further up while it has support at 218.50, breach of this level may take the stock down.
R2- 227.2, R1- 224.45, PP 221, S1- 218.25, S2- 214.8
TATA POWER
Tata power has volatile trading sessions today. The stock is recovering from the earlier losses and has good closing. So above the level of 1240 it may continue the uptrend in the coming trading sessions.
R2- 1256.72, R1- 1243.43, PP 1224.72, S1- 1211.43, S2- 1192.72


 

Stock Intraday Tips (Daily Report, 21st March)
[6:00 PM | 0 comments ]
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Top Gainers
Sun Pharma with +2.25%
Steel Authority with +2.11%
Jindal St & Pwr with +1.92%
Mahi. & Mahi with +1.58%
Suzlon Energy Ltd. with +1.32%

Top Loosers
Ranbaxy Labs. with -7.00%
Hindalco Indus.with -3.10%
Ambuja Cements Ltd.with -2.68%
Hero Honda Motor with -2.66%
Maruti Suzuki India with -2.42%


Nifty Strategy for Thursday (17th March)
[11:07 PM | 0 comments ]
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Nifty Futures
Sell Nifty Futures below 5,510 for target 5,480-5,454 and stop loss above Rs 5,540.

Bank Nifty Futures
Sell Bank Nifty Futures below 10,930 for target 10,875-10,810 and stop loss above Rs 10,981.


Intraday Tips for Thursday (Technical Overview, 17th March)
[9:08 PM | 0 comments ]
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ACC
The stock today managed to cross its resistance level and made a high of 1035. One could go for buying on dip strategy in the stock as it is expected to continue its bullish trend after a short term correction in coming trading sessions.
R2- 1049.03, R1- 1035.57, PP 1021.53, S1- 1008.07, S2- 994.03
AMBHUJA CEMENT
The stock continued to move in an up rally after crossing its resistance this week. It now faces next resistance at 132; crossing of this level may continue the bullish trend of the stock after a short term correction.
R2- 134.93, R1- 132.47, PP 128.53, S1- 126.07, S2- 122.13
DLF
The stock is being consolidating after a fall previously. It has next resistance at 233; crossing of this level may take the stock further up.
R2- 231.05, R1- 228.75, PP 226.1, S1- 223.8, S2- 221.15
HDFC BANK
HDFC Bank is consolidating at the higher level and in a tight range of 2130-2245. The stock is now trading in the negative bias and looking weak till it's sustained below the level of 2245. So selling on higher level will be good strategy in the stock.
R2- 2215.52, R1- 2199.63, PP 2189.12, S1- 2173.23, S2- 2162.72
IDFC
IDFC remains quite and trading in a narrow range. The stock is holding support of 140 from the last few trading sessions. So if it continues to hold the support level then above the level of 148 some uptrend may be seen in it. The stock is looking risky below the level of 140.
R2- 148.43, R1- 147.37, PP 146.43, S1- 145.37, S2- 144.43


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Expected 'Bullish' & 'Bearish' Stocks for Tuesday (15th March)
[10:31 PM | 0 comments ]
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Expected bullish stocks:
Reliance Capital, Jet Airways, Welspun Corp, BPCL, IOC, HPCL, Union Bank Of India, Tata Power, Ashok Leyland, JSW Steel, Essar Oil, JP Associates, Opto Circuit, Dr Reddy`s, Ranbaxy Laboratories, Dish TV, MTNL, GAIL.

Expected bearish stocks:
Areva T&D, Suzlon Energy, STFC, GLAXO, Tata Chemicals, PFC, CESC, Exide Industries, Glenmark Pharmaceutical, IGL, DB Realty, NMDC, Pantaloon Retail, HUL, Andhra Bank, Petronet  LNG, Indian Bank, Aban Offshore.