Asian stock exchanges especially HangSeng and SGXNifty are trading in green. The trend for today’s market is bullish and Nifty and Sensex both are ready to make a new high. Furthermore, global stock markets are also supporting the trend. However, the rise in crude oil prices is a concern and so keep your target very low at this level. You can expect Nifty50 to open near 10700 levels and so, trade with caution. So, you can go long on Nifty50 with a strict Stop Loss at 10600 for a target of 10725. Check out more stock market intraday trading tips – 12 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 oil exploration and drilling stocks because of crude oil price rise.
Today’s range for Nifty50 is 10600 to 10750 and BankNifty is 25550 to 25800 and so trade accordingly.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 623.63 crore and domestic institutional investors (DIIs) bought shares around Rs 770.02 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 – 12 January 2018
Equity, Future & Options, Commodity & Currency
Equity Intraday Trading Tips – 12 January 2018
Long Dredging for a target of 845, and keep Stop Loss @ 820
BUY Jain Irrigation for a Target of 147, and keep Stop Loss @ 138.50
BUY Everest Kanto for a Target of 77, and keep Stop Loss @ 70
Future & Options (Put/Call) Day Trading Tips
Long Nifty 25 January 2017 CE 10700 (Call Options Trading) for a Target of 85, and keep Stop Loss @ 50
Commodity Day Trading Tips
Long Crude Oil 19 January 2018 Future for a Target of 4150, and keep Stop Loss at 4080
Currency Day Trading Tips
Short USDINR 29 January 2018 Future for a Target of 63.60, and keep Stop Loss @ 63.85
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