After a strong rally on yesterday’s trading session, Indian bourses likely to continue its northward journey. Global cues are also supporting despite negative domestic sentiments. Asian Indices are also trading in green and so gap up opening expected in Nifty50, Sensex, and other major indices. Today Nifty50 may face resistance at around 10300 followed by 10350. Check out more stock market intraday trading tips – 09 Mar 2018.
Today’s range for Nifty50 is 10100 on the downside and on the upside, it may face resistance at 10350. Bank Nifty, has a crucial support level at 24150 and its key resistance levels are at 24700.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 364.80 crore and domestic institutional investors (DIIs) bought shares around Rs 675.26 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 09 Mar 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 09 Mar 2018
BUY Ashok Leyland for a Target of 150.50, and keep Stop Loss @ 142.50
Short Allahabad Bank for a Target of 44.20, and keep Stop Loss @ 47
BUY Nelcast for a Target of 94.50, and keep Stop Loss @ 83.50
Future & Options (Put/Call) Day Trading Tips
Long Nifty March 10300 CE (Call Options Trading) for a Target of 135, and keep Stop Loss @ 62
Commodity Day Trading Tips
Long Crude Oil Mar Future for a Target of 3990, and keep Stop Loss at 3915
Currency Day Trading Tips
Long USDINR Mar Future for a Target of 65.40, and keep Stop Loss at 65.20
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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.