Intraday Stock Trading

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INTRADAY NIFTY STOCK TRADING :Yesterday at the end of the expiry we can see very volatile session and very heavy correction showing in the  stock market. Now the important level to watch out for today resistance is 5350-5415 and support side 5200-5180-5160. If below we can see big fall again in the stock market. Fibonacci Retracement is a next support zone of intraday nifty - Rally from

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NIFTY SPOT (5417) : Resistance - 5425,5450,5478 and 5505Supports - 5400,5380,5350 and 5335.NIFTY FUT : Resistance - 5440,5475,5498 and 5520Supports - 5405,5385,5365 and 5345Again 5540-5550 became hurdle for nifty.Now nearest supports are 5380 and 5350.Start buying systematically. INTRADAY TRADING IDEAS (02-02-2011)HDFC: Buy above 636 TGT 642 and 645 SL 632.SELL BELOW 634 TGT 628 & 625 SL