Intraday Stock Trading

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GUJFLUORO (LTP: 501) - BUY
For today's trade, long position can be initiated only in Rs.480-470 range for a target of Rs.520-540, with a closing based stop loss of Rs.460.

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Intraday Picks

- HCL TECH (LTP: 480.9) - BUY
For today's trade, long position can be initiated only in Rs.475-472 range for a target of Rs.487, with a strict stop loss of Rs.466. Traders are advised to avoid early morning whipsaw.

- AXIS BANK (LTP: 1150) - SELL
For today's trade, short position can be initiated only below Rs.1140 for a target of Rs.1105, with a strict stop loss of Rs.1158. Traders are advised to avoid early morning whipsaw.

- TATA POWER (LTP: 113.5) - SELL
For today's trade, short position can be initiated only in Rs.115.50-116.50 range for a target of Rs.112-110, with a strict stop loss of Rs.118. Traders are advised to avoid early morning whipsaw.

- INDIANBANK (LTP: 232.0) - BUY
For today's trade, long position can be initiated only in Rs.227-225 range for a target of Rs.238-240, with a strict stop loss of Rs.222. Traders are advised to avoid early morning whipsaw.

- APOLLOTYRE (LTP: 77.5) - BUY
For today's trade, long position can be initiated only in Rs.75 -74 range for a target of Rs.79-80, with a strict stop loss of Rs.72.5. Traders are advised to avoid early morning whipsaw.

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- DIVIS LAB (LTP: 733) - BUY
For today's trade, long position can be initiated only above Rs.744 for a target of Rs.792-800, with a closing based stop loss of Rs.717.

Intraday Picks

- PANTALOON (LTP: 155.2) - BUY
For today's trade, long position can be initiated only in Rs.151.50-152 range for a target of Rs.157-162, with a strict stop loss of Rs.149. Traders are advised to avoid early morning whipsaw.

- MCLEOD RUSSEL (LTP: 236.1) - BUY
For today's trade, long position can be initiated only in Rs.233-232 range for a target ofRs.239-242, with a strict stop loss of Rs.228.50. Traders are advised to avoid early morning whipsaw.

- IGL (LTP: 363.9) - BUY
For today's trade, long position can be initiated only in Rs.359-352 range for a target of Rs.366-372, with a strict stop loss of Rs.353. Traders are advised to avoid early morning whipsaw.

- AXISBANK (LTP: 1165) - BUY
For today's trade, long position can be initiated only above Rs.1170 range for a target of Rs.1190-1202, with a strict stop loss of Rs.1160. Traders are advised to avoid early morning whipsaw.

Nifty Today: (4871) Buy on declines considering 4828 a solid support keeping stop loss of 4821. Upward side it'll spurt up to 4898-4908 & thereafter to 4947 & 4988.
Downward side break below 4821 it'll fall down to 4790-4778 on intra day basis.

Our Sharetips Expertconsidering,Last week, although I said the overall trend remains negative, there was a move up to 4,860-4,880. So, I am not surprised by yesterday's move. The way the US markets have been moving that has surprised most of us. In addition to being a global rally, there was a move up on the cards. So, I am not surprised we have come here.

Can we cross 4,860-4,880? There is a possibility. The reason I say that is typically over the last year or so whenever we have had this nice 500-600 points on the Nifty, there has been a lot of bullishness and a lot of buoyancy in the markets where people have called higher levels of market. That is where they have got caught.

But this time around most of the analysts are still talking about 4,100-4,200-4,300 range. So, maybe because so many people are negative, it might stretch more on the upside. Get more people positive. When you hear a lot of voices starting talking about 5,200-5,300, then I think the market tends to surprise on the downside. So, if it crosses 4,880 then the next logical target to watch out for would be about 4,965.

BSE:-We Consider for this week...15833-15789 a nearest & 15665 a solid support; keep stop loss of 15588 to your buys. Upward side 16005-16050 a most crucial resistance to watch out for. A close above 16050 decisive corrective up surges will take it up to 16212, 16342 & 16416.

Downward side a close below 15588 it'll turn weak & fall down to 15455 initially. A close below 15455 it'll heavily crash down to 15325 & 15115.

NIFTY:-Our Consideration of this week...4755 & 4735 crucial supports, keep stop loss of 4692 to your buys. Upward side crossover above 4821 decisive corrective up surges will take it up to 4901 & 4950.

Downward side break below 4692 it'll turn weak & fall down to 4672, 4656 & 4613 initially. A close below 4613 it'll heavily crash down to 4564 & 4485.

BAJAJ AUTO:-Sell considering 1472 & 1505 solid resistances keeping stop loss of 1506. Downward side it'll fall down to 1408-1396 & closing below which 1310-1290. Upward side a close above 1506 it'll surge up correctively to 1567-1581 in a disguised manner, keep stop loss of 1604 & go short on higher levels.

BHARTI AIRTEL:- Sell considering 342 & 350 solid resistances keeping stop loss of 360. Downward side it'll fall down to 322 & thereafter to 316 & 305.

NIFTY:-
We consider,After a quiet opening, Nifty was unable to cross 4800, slipped intra day, made a low of 4730, and finally closed at 4740. Now today consider resistance at 4780-4795, downside support at 20 DMA 4715 and 5 DMA 4705. Hold this level bounce back. If breaks with volume, downside target at 4680, thereafter more weakness.

BSE:-
Our Sharetipsexpert was consider Overall, will continue facing resistance at 16000-16050, successfully crossover only sharp move, downside it will take support of 15800, below another round of weakness up to 15700 and below.

NIFTY:-
According to our sharetips expert Nifty opened positively after showing range bound situation with good strength on positive side. At the end, it closed positively. Overall trend looks bullish and let us see it decisively cross the 4800. Now today, consider higher-level resistance at 4830-4880-4911 and support at 4720-4640-4600.
BSE:-
SENSEX opened positively after showing some volatile session. At the end, it closed positively. There were no major changes in support resistance. Now we may consider the resistance at 16052-16211-16345 and down side support is 15745-15651-15425

Our sharetips expert said ‘Technically we now head into F&O expiry and the year end and I expect to consolidate and trade higher and near to 4862 zones and close positive for the week.’

The market unfolded stronger and tried climbing up but found strong selling pressure near 4800 zones and profit booking came in to close in the red for the week.

Technically now 4800 has become a strong resistance to deal with and the market is expected to trade in the lower regions in the days to come...

Today Nifty future sale at 4825, target is 4750 and 4725 and the stop loss is 4830,

HCL TECH CMP is 414.40 and buy at 415.50 and the target 420 and 425 and the stop loss is 411,

INDIAN OIL CMP is 269.60 buy at 271 and the target 275 and 278 and the stop loss is 268.5,

JINDAL STEEL CMP is 503.5, target is 495 and 492 and the stop loss is 509.5,

ESCORT CMP is 74.95 sale at 74.50, target is 73.5 and 72.5 and the stop loss is 75.75,

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Our Sharetips Expert Consider for this week...Buy considering 16142 a crucial support keeping stop loss of 16096. Upward side it'll surge up to 16532 & thereafter to 16581, 16626 & 16733-16772, sell on higher levels keeping stop loss of 16848. In any better scenario crossover above 16848 it'll surge up further to 17088, overall go short keeping stop loss of 17143.
Downward side-break below 16096 it'll turn weak & fall down to 15993 & 15902-15849 initially. A close below 15849 it'll heavily crash down to 15706, 15436 & 15000

Markets Today:-

The trend deciding level for the day is 16,586/4,971 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 16,750 – 17,012/5,021 – 5,099 levels. However, if NIFTY trades below 16,586/4,971 levels for the first half-an-hour of trade then it may correct up to 16,324 – 16,160/4,894 – 4,844 levels.

According to a report by sharetips expert, if nifty trades below 4971 levels for the first half-an-hour of trade then it may correct up to 4894-4844 levels.

The trend deciding level for the day is 16,586/4,971 levels. If Nifty above this level during the first half-an-hour of trade then we may witness a further rally up to 16,750 – 17,012/5,021 – 5,099 levels. However, if NIFTY trades below 16,586/4,971 levels for the first half-an-hour of trade then it may correct up to 16,324 – 16,160/4,894 – 4,844 levels.

NIFTY :- Nifty opened flat too negatively after showing range bound situation, made a high of 5055, was not able to cross previous day high, and at the end closed flat too negatively. Because of flat closing there were no changes in support resistance. Now consider resistance at 5100-5170-5200-5230. Down side support at 5025-4911-4880. Close below 5000, do not hold long position.

BSE :- Sensex opened flat too negatively after showing some volatile session in the market. At the end, it closed flat too negatively. Because of flat closing there were no changes in support resistance. Now we may consider support at 16745-16500-16432 and resistance at 17000-17211-17314.

Last week, the Indian market witnessed a stupendous rally. Sharetips expert says, it’s time to consolidate, but the bias is definitely positive. “If the Nifty holds on to the 4,920, which from the close is about 130 odd points, you are in for a decent rally. I would use the dips to buy.”

According to Sharetips expert, technology is going to take the mantle this week.

We said ‘technically some more profit booking is not ruled out and support exists at 4850’. The market opened flat and without losing ground and closed strongly positive for the day and the week. Technically now it looks up and the next logical target on the way is up to 5109-5177.