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.

NIFTY -
Nifty has finally broken major resistance level of 200 DMA showing continuous upward movement, and till then hold... decline to buying opportunity
Now Today - consider support at 5315-5285 and major support at 5285
Crossover 5345 and stay with volume heading towards 5410-5420-5445
Closing above last resistance will move further...
Traders can buy on decline...on correction As long as hold support zone 5040-5050.
NIFTY FUTURE -
Closed at 5329
1. High put option, open interest seen at 5300-5200 indicating strong support.
2. High call option, open interest builds up at 5400-5500 indicating strong resist.
3. Nifty Future - Trading at discount 19-20 points compared to discount last week indicating positive bias.
4. Above 5300 looks hot and play for 5400-5420.
BSE INDEX -
As last week it was mentioned that once it breaks 17340, overall new up-trend and as a resulted, it made a high of 17620.
Now up-move to continue and next target of this up-move likely to be 18000-18136, thereafter more up-side
As long as hold, 16800-16840 decline to buy.

NIFTY
Nifty has finally broken major resistance level 200 DMA and closed above,
which indicates bullish sign and buy-on-decline.
Now today - 5205-5170, hold few days
Ultimate target 5300+ in coming days
Major Hurdle 5235

BSE INDEX
Sensex showed small reversal from the level and again closed above 17000...
Now closely eye 17355, thereafter heading towards 17700-18000 in near term
Major Hurdle 17430

BANK NIFTY
Today resistance 9940-10010
Successfully crossover... another round of move
Up to 10600 in coming days...
Down side support 9740.

NIFTY FUTURE
Closed at 5240
Consider support 5190-5160
Crossover yesterday's high, non-stop target 5260-5270
Decline to buy only.

BSE index:- Our “share tips expert” Consider for this week...Buy or remain long considering 16586-16529 & 16476 solid supports keeping stop loss of 16413. Upward side it'll rush up further to 16827-16864 & 16971-17052 initially which is a most crucial resistance to watch out for. A close above 17052 it'll sustain on higher levels & flare up to 17123, 17170-17230 & thereafter to 17527 & 17726.

Downward side a close below 16413 it'll turn weak & fall down to 16257 & 16188.

Nifty:- We Consider for this week...Buy or remain long considering 5006-4991 & 4968 solid supports keeping stop loss of 4950.

Upward side it'll rush up further to 5079 & 5114-5131 initially which is a most crucial resistance to watch out for where selling will be seen, keep strict stop loss of 5135 to your shorts. In any better scenario a close above 5135 it'll sustain on higher levels & spurt up to 5191 & 5245.

Downward side a close below 4950 it'll turn weak & fall down to 4917 & 4891.

Bank Nifty:-Our expert Consider for this week...Buy or remain long considering 9395 a nearest & 9225 & 9140 solid supports keeping stop loss of 9068. Upward side it'll spurt up further to 9654 & 9971, book entire profit around 9971.

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.