Strong global signals suggesting Indian equity markets to open with a positive note as well. Nifty50 manages to close above crucial level 10500 for last few trading session and today you can expect a gap up opening as well. You can expect Nifty50 to open near 10600 levels and likely to hit 10650. So, you can go long on Nifty50 with a strict Stop Loss at 10500 for a target of 10650. Check out more stock market intraday trading tips – 08 January 2018.
Union Budget 2018 is in the corner and so keep an eye on fertilizers, power, and infrastructure stocks.
Today’s range for Nifty50 is 10500 to 10650 and BankNifty is 25500 to 25750 and so trade accordingly.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs. 581.43 crore and domestic institutional investors (DIIs) bought shares around Rs 243.13 crore in the Indian stock market.
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Analyze past day trading strategies and make money online on Equity, F&O, Commodity, and Currency.
Stock Market Intraday Trading Tips – 08 January 2018
Equity, Future & Options, Commodity & Currency
Equity Intraday Trading Tips – 08 January 2018
Long Yes Bank for a target of 349, and keep Stop Loss @ 328
BUY Shakti Pump for a Target of 515, and keep Stop Loss @ 494
BUY Sail for a Target of 99.50, and keep Stop Loss @ 96.50
Future & Options (Put/Call) Day Trading Tips
Long Nifty 25 January 2017 CE 10600 (Call Options Trading) for a Target of 125, and keep Stop Loss @ 75
Commodity Day Trading Tips
Short Crude Oil 19 January 2018 Future for a Target of 3850, and keep Stop Loss at 3910
Currency Day Trading Tips
Short USDINR 29 January 2018 Future for a Target of 63.35, and keep Stop Loss @ 63.65
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