The surge in crude oil price and tension between US and Russia may dilute the positive sentiments of the markets. However, SGX Nifty and HangSeng are trading positively. So, remain long on Nifty50 and don’t forget to put stop loss. Today, you can focus on stocks that are dependent on crude oil. Check out more stock market intraday trading tips – 12 Apr 2018.
Today’s range for Nifty50 is 10370-10330 on the downside and on the upside, it may face resistance at 10450-10475. Bank Nifty, has a crucial support level at 24960-24830 and its key resistance levels are at 25200-25350.
Before any trade, you can also look into the NSE top gainers and losers for the day that may help you to make your move more profitable. You can also use technical tools like Fibonacci Calculator and Pivot Point Calculator that allows you to know your target.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs. 362.30 crore and domestic institutional investors (DIIs) bought shares around Rs 111.82 crore in the Indian stock market.
You can also read Multibagger jackpot Stock: How Multibagger Stock Vedanta Can Double Your Money
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 – 12 Apr 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 12 Apr 2018
Buy Everest Kanto for a Target of 52.90, and keep Stop Loss @ 47.50
Long VIP for a Target of 394.50, and keep Stop Loss @ 377.90
Buy Hathway Cable for a Target of 39.50, and keep Stop Loss @ 37
Future & Options (Put/Call) Day Trading Tips
Long Nifty Apr 10500 CE (Call Options Trading) for a Target of 78-85, and keep Stop Loss @ 54
Commodity Day Trading Tips
Buy Crude Oil Apr Future for a Target of 4395, and keep Stop Loss at 4300
Currency Day Trading Tips
Short USDINR Apr Future for a Target of 65.25, and keep Stop Loss at 65.50
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I hope you have made money from stock market trading ideas. If you have any query, feel free to ask me in the comments section below.
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