Global stock market trading little bit weak today. SGXNifty and HangSeng are also trading in red. However, Nifty50 has a support level at 10580 and on upside it may face resistance at 10680. Dalal Street likely to remain flat and may trade on both sides. You can expect Nifty50 to open near 10610 levels and so, trade with caution. So, you can go long on Nifty50 with a strict Stop Loss at 10580 for a target of 10680. Check out more stock market intraday trading tips – 11 January 2018.
Union Budget 2018 is in the corner and so keep an eye on fertilizers, power, and infrastructure stocks. Today, you can focus on cements stocks and real estate related stocks.
Today’s range for Nifty50 is 10580 to 10680 and BankNifty is 25500 to 25750 and so trade accordingly.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 572.26 crore and domestic institutional investors (DIIs) bought shares around Rs 600.24 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 – 11 January 2018
Equity, Future & Options, Commodity & Currency
Equity Intraday Trading Tips – 11 January 2018
Long Prism Cement for a target of 145, and keep Stop Loss @ 133
BUY Globus Spirits for a Target of 175, and keep Stop Loss @ 162
BUY Mcleod Russel for a Target of 210, and keep Stop Loss @ 197
Future & Options (Put/Call) Day Trading Tips
Long Nifty 25 January 2017 CE 10700 (Call Options Trading) for a Target of 75, and keep Stop Loss @ 35
Commodity Day Trading Tips
Long Crude Oil 19 January 2018 Future for a Target of 4060, and keep Stop Loss at 4000
Currency Day Trading Tips
Short USDINR 29 January 2018 Future for a Target of 63.60, and keep Stop Loss @ 63.90
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