You can expect market to recover today and likely to open with a gap up. Asian indices are also trading very strongly. As market may remain bullish for the day, so take your call when market looks stable. Today Nifty50 may face resistance at around 10500 level and so trade cautiously. Check out more stock market intraday trading tips – 06 Mar 2018.
Today’s range for Nifty50 is 10325 to 10500 and Bank Nifty is 24600 to 25200.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 366.60 crore and domestic institutional investors (DIIs) sold shares around Rs 154.20 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 06 Mar 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 06 Mar 2018
BUY BEL for a Target of 165, and keep Stop Loss @ 152
Long Sparc for a Target of 430, and keep Stop Loss @ 411
BUY IDBI Bank for a Target of 89.90, and keep Stop Loss @ 82.50
Future & Options (Put/Call) Day Trading Tips
Long Nifty March 10500 CE (Put Options Trading) for a Target of 150, and keep Stop Loss @ 68
Commodity Day Trading Tips
Long Crude Oil Mar Future for a Target of 4135, and keep Stop Loss at 4035
Currency Day Trading Tips
Short USDINR Mar Future for a Target of 65.10, and keep Stop Loss at 65.40
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Author: Ratan Kumar
Ratan Kumar, an enthusiast stock market trader & blogger. Forecasting stock market moves with the use of technical analysis since 2008. For the technical trader & investor, new or experienced, he provides legitimate and valuable advisory from day trading to long-term investment horizon and helped thousands of investors to make money out of stock market.