After yesterday’s gain you may witness bloodbath again in the stock market. Globally the mood has been worsened and so trade cautiously. You can still go long on Nifty while keeping Stop Loss at 10250 and exit when it bounce back. Crude oil is correcting and is a good sign for equity markets especially for crude oil dependent companies. Keep an eye on stocks that are dependent on crude oil like aviation, oil marketing, and paint industry. Check out more stock market intraday trading tips – 09 Feb 2018.
Today’s range for Nifty50 is 10200 to 10500 and so trade accordingly.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 2297.09 crore and domestic institutional investors (DIIs) bought shares around Rs 2373.59 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 09 Feb 2018
Equity, Future & Options, Commodity & Currency
Equity Intraday Trading Tips – 09 Feb 2018
Short Glenmark Pharma for a Target of 522, and keep Stop Loss @ 585
Sell PC Jewellers for a Target of 363, and keep Stop Loss @ 385
Short HDIL for a Target of 47.50, and keep Stop Loss @ 52.95
Future & Options (Put/Call) Day Trading Tips
Long Nifty 22 February 2018 PE 10200 (Put Options Trading) for a Target of 195, and keep Stop Loss @ 30
Commodity Day Trading Tips
Short Crude Oil 16 February 2018 Future for a Target of 3850, and keep Stop Loss at 3995
Currency Day Trading Tips
Long USDINR 26 February 2018 Future for a Target of 64.55, and keep Stop Loss @ 64.30
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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.