Intraday Calls
Nifty Intraday Call Tips
1. Siemens Dec. Future (Rs. 558)
Sell only in the region 557-560 with a stop loss above 567 for an intra-day target of 546.
2. Jindal Steel Dec. Future (Rs. 715)
Sell only on a move below 710 with a stop loss above 720 for an intra-day target of 695.
3. Century Textiles Dec. Future (Rs. 485)
Sell only on a move below 481 with a stop loss above 489 for an intra-day target of 470.
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Nifty A Bullish December Ahead
ReplyDeleteThe Nifty gained 91 points over the day to close at 5032. On expected lines the market recovery continued yesterday and took
the indices above the psychological levels of 5000/17000. After a clean run-up in the first half the indices turned volatile in the
second half but ended the day with substantial gains. We have a few new bullish triggers that were generated yesterday. Firstly,the indices are back above the moving averages, which is an important development. The gap, that was formed while the
markets opened lower last Friday, has been filled and is therefore supporting the bulls. The reliable CCI indicator has
generated a fresh buy signal hinting at further upside in the next few days. Despite the 800-point recovery in the last two trading
sessions the oscillators are still close to the neutral zone, which only means that they would support any further rally that takes
place from current levels. The zone of 17100-17200 is the immediate supply zone where the bulls would be tested. For the
day, support seen at 5011/4984. Overall, the recovery process is likely to continue thereby helping the Nifty get closer to 5100.
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ReplyDeleteThanks And Regards
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ReplyDeleteIntraday tips
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ReplyDeleteIntraday Trading Tips