Sureshot Intraday Tips
Technical Views:-
Proclamations took a breather after a sharp rally and perceived profit booking. The daily chart on NIFTY advises that the NIFTY has re instant conflict at 5540. If it breaks 5540/5570 we could see the next key resistance levels of 5640 or even 5710. On the downs side, the NIFTY has found the support at 5465 and 5415 levels. Technically the short term trend on NIFTY is likely to continue positive and the next problem for NIFTY is seen at 5693/5700 levels. On the downside, Getaway of 5355/5325 would call fresh retailing heaviness.
“Intraday trading”
Day Trading Strategy:
Nifty may exposed flat to hostile and it would remain choice bound amongst 5345 and 5445 levels. On the higher side, if Nifty moves above 5440/5460 and then it can move towards 5498. On the lower side, the support for the nifty is seen @ 5345 and 5315 levels. Break out of 5273 would invite further selling pressure and then 5230 is conceivable. One is advise to note that short term fresh getting can expected if nifty stoppages above 5455 on weekly finishing basis.
Positional Pick
ITC (LTP: 210.6) - BUY
For today's trade, long position can be initiated only in Rs.203-200 range for a target of Rs.221-226, with a closing based stop loss of Rs.193.
Intraday Picks
OBC (LTP: 278.4) - BUY
For today's trade, long position can be initiated only in Rs.279-275 range for a target of Rs.287-292, with a strict stop loss of Rs.269. Traders are advised to avoid early morning whipsaw.
HDIL (LTP: 114.31) - BUY
For today's trade, long position can be initiated only in Rs.113.3-112.3 range for a target of Rs.117.1-121, with a strict stop loss of Rs.109. Traders are advised to avoid early morning whipsaw.
DRREDDY (LTP: 1642) - BUY
For today's trade, long position can be initiated only in Rs.1621-1613 range for a target of Rs.1665-1675, with a strict stop loss of Rs.1603. Traders are advised to avoid early morning whipsaw.
HEROMOTOCORP (LTP: 1945) - SELL
For today's trade, short position can be initiated only in Rs.1991-2011 range for a target of Rs.1941-1921, with a strict stop loss of Rs.2022. Traders are advised to avoid early morning whipsaw.
SUNTV (LTP: 310) - SELL
For today's trade, short position can be initiated only in Rs.313-317 range for a target of Rs.305-301, with a strict stop loss of Rs.319. Traders are advised to avoid early morning whipsaw.
Proclamations took a breather after a sharp rally and perceived profit booking. The daily chart on NIFTY advises that the NIFTY has re instant conflict at 5540. If it breaks 5540/5570 we could see the next key resistance levels of 5640 or even 5710. On the downs side, the NIFTY has found the support at 5465 and 5415 levels. Technically the short term trend on NIFTY is likely to continue positive and the next problem for NIFTY is seen at 5693/5700 levels. On the downside, Getaway of 5355/5325 would call fresh retailing heaviness.
“Intraday trading”
Day Trading Strategy:
Nifty may exposed flat to hostile and it would remain choice bound amongst 5345 and 5445 levels. On the higher side, if Nifty moves above 5440/5460 and then it can move towards 5498. On the lower side, the support for the nifty is seen @ 5345 and 5315 levels. Break out of 5273 would invite further selling pressure and then 5230 is conceivable. One is advise to note that short term fresh getting can expected if nifty stoppages above 5455 on weekly finishing basis.
Positional Pick
ITC (LTP: 210.6) - BUY
For today's trade, long position can be initiated only in Rs.203-200 range for a target of Rs.221-226, with a closing based stop loss of Rs.193.
Intraday Picks
OBC (LTP: 278.4) - BUY
For today's trade, long position can be initiated only in Rs.279-275 range for a target of Rs.287-292, with a strict stop loss of Rs.269. Traders are advised to avoid early morning whipsaw.
HDIL (LTP: 114.31) - BUY
For today's trade, long position can be initiated only in Rs.113.3-112.3 range for a target of Rs.117.1-121, with a strict stop loss of Rs.109. Traders are advised to avoid early morning whipsaw.
DRREDDY (LTP: 1642) - BUY
For today's trade, long position can be initiated only in Rs.1621-1613 range for a target of Rs.1665-1675, with a strict stop loss of Rs.1603. Traders are advised to avoid early morning whipsaw.
HEROMOTOCORP (LTP: 1945) - SELL
For today's trade, short position can be initiated only in Rs.1991-2011 range for a target of Rs.1941-1921, with a strict stop loss of Rs.2022. Traders are advised to avoid early morning whipsaw.
SUNTV (LTP: 310) - SELL
For today's trade, short position can be initiated only in Rs.313-317 range for a target of Rs.305-301, with a strict stop loss of Rs.319. Traders are advised to avoid early morning whipsaw.
