Intraday Stock Trading

Todays our “Stock Market Tips”
Positional Pick---------

* ITC (LTP: 210.6) - BUY -
For today's trade, long position can be initiated only in Rs.205-200 range for a target of Rs.221-225, with a closing based stop loss of Rs.190.

Intraday Picks-----------

* OBC (LTP: 278) – BUY-
For today's trade, long position can be initiated only in Rs.275-272 range for a target of Rs.284-289, with a strict stop loss of Rs.275. Traders are advised to avoid early morning whipsaw.

* HDIL (LTP: 113.25) – BUY-
For today's trade, long position can be initiated only in Rs.112.5-111.5 range for a target of Rs.116.5-120, with a strict stop loss of Rs.110. Traders are advised to avoid early morning whipsaw.

* DRREDDY (LTP: 1642) – BUY-
For today's trade, long position can be initiated only in Rs.1624-1614 range for a target of Rs.1650-1675, with a strict stop loss of Rs.1600. Traders are advised to avoid early morning whipsaw.

* HEROMOTOCORP (LTP: 1945) – SELL-
For today's trade, short position can be initiated only in Rs.1995-2005 range for a target of Rs.1930-1910, with a strict stop loss of Rs.2020. Traders are advised to avoid early morning whipsaw.
First day of the month saw indices losing above previous session however failed to materialize on a strong positive start. NIFTY opened the day at 5,415 mark and later registered fresh intraday high of 5,449 only to witness sharp profit booking and closing the day below 5,410 mark once again. By end of the day, NSE NIFTY closed with a gain of 10 points at 5,375 levels while BSE SENSEX closed the session with 22 points increase at 17,743 levels. Mixed trend was observed amongst sectoral indices closed with CNX Energy index emerging as top gainer as it gained about 2.3% in single trading session. NIFTY Mar Futures closed with whooping premium of about 50 points.