Indian bourses likely to open with a positive note as suggested by global cues. Traders can check out more pre-opening stock market day trading tips in Equity, Futures & Options, Commodities, and Currencies.
You can also check out live intraday trading calls to make money from stocks and index trading. You can expect pullback in BankNifty and Nifty futures in today’s trading session.
Moreover, you can also scan for stock market live day trading tips by using Stock Screener. It suggests you whether a stock is bullish or bearish in real-time that helps you to take a trading decision.
Global Markets Trends [Today, 8.00 AM]
USA Index – Nasdaq Futures: Positive, S&P500 Futures: Positive, Dow Jones Futures: Positive.
European Indices – CAC Futures: Positive, DAX Futures: Positive, FTSE Futures: Negative.
Asian Indices – SGXNifty: Positive, Nikkei: Positive, Straits Times: Positive, HangSeng: Positive, Taiwan: Positive, Kospi: Positive, Shangai: Positive.
India VIX or volatility index moved to 15.55 level.
Put Call Ratio: NSE
High PCR more than 1 suggest option sellers are selling more puts than calls which signal bullish mode. Moreover, if PCR is less than 0.5 than you can conclude that option sellers are selling more calls which are a bearish sign.
You can use the put/call ratio to identify the larger trends of the markets.
Nifty50 Put/Call ratio: 0.69
Nifty Bank Put/Call ratio: 0.53
Nifty Options Data – Put and Call
Nifty 11000 strike price will act as a strong resistance level for the September series. You can short Nifty around this level with strict Stop Loss.
Nifty 10800 strike price will act as crucial support levels for the September series as maximum Put open interest was seen. So, you can go long in Nifty at this level.
Nifty50 Spot Range – Day Trading
Today’s range for Nifty50 is 10635-10565 on the downside and on the upside, it may face resistance at 10810-10915.
BankNifty Spot Range
Bank Nifty, has a crucial support level at 26542-26326 and its key resistance levels are at 27075-27391.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 892.52 crore.
Domestic institutional investors (DIIs) bought shares around Rs 645.72 crore in the Indian stock market.
Stocks under F&O Ban Period – NSE
None of the stocks are in F&O ban period today.
Stock Market Day Trading Ideas September 20, 2019 (Square Off Before Market Closed)
Pre-opening day trading calls on Equity, Future & Options, Commodity & Currency.
Equity Stock Market Day Trading Tips: Watch List For Intraday Trading
Bullish View: Buy/Long
Kamat Hotels – Target of 41, and keep Stop Loss @ 35.90
Royal Orchid – Target of 87, and keep Stop Loss @ 75.90
Taj GVK – Target of 162, and keep Stop Loss @ 154.90
BEL – Target of 112, and keep Stop Loss @ 102.90
BEML – Target of 845, and keep Stop Loss @ 811
Titan – Target of 1170, and keep Stop Loss @ 1144.50
Delta Corp – Target of 174, and keep Stop Loss @ 166.90
Bajaj Finance – Target of 3395, and keep Stop Loss @ 3355
Bearish View: Sell/ Short
Yes Bank – Target of 51, and keep Stop Loss @ 55.10
Future & Options (Put/Call) Day Trading Tips
Long BankNifty Sep Future for a Target of 26990-27400 and keep Stop Loss @ 26670
Commodity Day Trading Tips
Short Crude Oil Oct Future for a Target of 4120-4020, and keep Stop Loss at 4220
Currency Day Trading Tips
Long USDINR Sep Future for a Target of 71.55-71.65 and keep Stop Loss @ 71.30
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.
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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