Nifty50 at its peak level and today it may also break its record high. Global markets also looks good and you can expect most of the sectors also opens with a positive note. However, trade cautiously especially in index futures. You can expect Nifty50 to open near 10650 levels and likely to hit 10700. So, you can go long on Nifty50 with a strict Stop Loss at 10550 for a target of 10700. Check out more stock market intraday trading tips – 09 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 10550 to 10700 and BankNifty is 25600 to 25850 and so trade accordingly.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs. 692.83 crore and domestic institutional investors (DIIs) sold shares around Rs 206.30 crore in the Indian stock market.
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You can view the Multibagger stock ideas performance as advised for a long-term horizon.
Analyze past day trading strategies and make money online on Equity, F&O, Commodity, and Currency.
Stock Market Intraday Trading Tips – 09 January 2018
Equity, Future & Options, Commodity & Currency
Equity Intraday Trading Tips – 09 January 2018
Long Tata Motors for a target of 449, and keep Stop Loss @ 427
BUY Mirc Elect for a Target of 59, and keep Stop Loss @ 54.95
BUY HOEC for a Target of 160, and keep Stop Loss @ 139
Future & Options (Put/Call) Day Trading Tips
Long Nifty 25 January 2017 CE 10700 (Call Options Trading) for a Target of 95, and keep Stop Loss @ 45
Commodity Day Trading Tips
Short Crude Oil 19 January 2018 Future for a Target of 3870, and keep Stop Loss at 3930
Currency Day Trading Tips
Long USDINR 29 January 2018 Future for a Target of 63.75, and keep Stop Loss @ 63.50
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