As expected, market not able to sustains at the higher level and in the last trading session, bears take on the market. However, today global indices are showing little bit of stability and so you can expect pull back. Today Nifty50 may face resistance at around 10400 level and so trade cautiously. Check out more stock market intraday trading tips – 07 Mar 2018.
Today’s range for Nifty50 is 10150 to 10400 and Bank Nifty is 24150 to 24900.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs. 620.08 crore and domestic institutional investors (DIIs) sold shares around Rs 734.33 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 07 Mar 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 07 Mar 2018
BUY Petronet LNG for a Target of 244.50, and keep Stop Loss @ 230.50
Long Indian Hotels for a Target of 141.50, and keep Stop Loss @ 131.50
BUY Fact for a Target of 51.50, and keep Stop Loss @ 48
Future & Options (Put/Call) Day Trading Tips
Long Nifty March 10300 CE (Call Options Trading) for a Target of 140, and keep Stop Loss @ 95
Commodity Day Trading Tips
Long Crude Oil Mar Future for a Target of 4110, and keep Stop Loss at 4045
Currency Day Trading Tips
Short USDINR Mar Future for a Target of 64.95, and keep Stop Loss at 65.30
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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.