Mixed global cues suggesting markets may trade on either side. However, the overall trend is bullish and so adopt buy on dips strategy. If you are a day trader, then you can go long on Nifty50 with a stop loss at 10720 level. So, try to enter near support level and exit near resistance zone. Check out more pre-opening stock market intraday trading tips June 11 in Equity, Futures & Options, Commodities, and Currencies.
Today’s range for Nifty50 is 10720-10680 on the downside and on the upside, it may face resistance at 10800-10820.
Bank Nifty, has a crucial support level at 26330-26200 and its key resistance levels are at 26525-26600.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 222.50 crore and domestic institutional investors (DIIs) bought shares around Rs 459.44 crore in the Indian stock market.
Stocks under Ban Period – NSE
Jet Airways, Balrampur Chini, and DHFL are under F&O ban period today.
Stock Market Intraday Trading Tips June 11
Pre-opening day trading calls on Equity, Future & Options, Commodity & Currency.
Equity Stock Market Intraday Trading Tips June 11
Long Tata Motors for a Target of 320, and keep Stop Loss @ 305
Buy Welspun Corp for a Target of 139, and keep Stop Loss @ 127.50
Long IGL for a Target of 290, and keep Stop Loss @ 272
Future & Options (Put/Call) Day Trading Tips
Long Nifty June 10700 CE (Call Options Trading) near 120 for a Target of 175-220, and keep Stop Loss @ 105
Commodity Day Trading Tips
Buy Crude Oil June Future for a Target of 4490-4560, and keep Stop Loss at 4405
Currency Day Trading Tips
Short USDINR June Future for a Target of 67.55-66.95, and keep Stop Loss at 67.95
Before any trade, you can also look into the NSE top gainers and losers for the day that may help you to make your move more profitable. You can also use technical tools like Fibonacci Calculator and Pivot Point Calculator that allows you to know your target.
Before you trade, keep an eye on global economic events and domestic earning calendar and trade accordingly. Moreover, you can expect good monsoon this season. So, you can focus on rural-based consumption stocks for short-term investment.
Check out Multibagger Jackpot Stocks Ideas also:
I hope you have made money from stock market trading ideas. If you have any query, feel free to ask me in the comments section below.
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