Mixed global cues because of uncertainties that may lead to weakness. Avoid investing as of now and only enter if markets corrects from current level. However, traders may go long near strong support zone on index with a strict stop loss. Check out more pre-opening stock market intraday trading tips June 13 in Equity, Futures & Options, Commodities, and Currencies.
Today’s range for Nifty50 is 10755-10710 on the downside and on the upside, it may face resistance at 10875-10975.
Bank Nifty, has a crucial support level at 26450-26300 and its key resistance levels are at 26800-27000.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 1168.88 crore and domestic institutional investors (DIIs) bought shares around Rs 1327.45 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 13
Pre-opening day trading calls on Equity, Future & Options, Commodity & Currency.
Equity Stock Market Intraday Trading Tips June 13
Long ITI for a Target of 104.50, and keep Stop Loss @ 92.10
Buy Cyient for a Target of 779, and keep Stop Loss @ 755
Long Wockhardt for a Target of 720, and keep Stop Loss @ 695.50
Future & Options (Put/Call) Day Trading Tips
Long Nifty June 10800 CE (Call Options Trading) above 125 for a Target of 159-195, and keep Stop Loss @ 99
Commodity Day Trading Tips
Short Crude Oil June Future for a Target of 4400-4350, and keep Stop Loss at 4515
Currency Day Trading Tips
Short USDINR June Future for a Target of 67.20-67.00, and keep Stop Loss at 67.65
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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