Market flare on yesterday’s trading session and Nifty50 manage to close above 10400. Today, Indian bourses likely to open with a flat note and if sustains at higher level, then Nifty50 may move towards 10500. Instead of trading in index, focus on good quality stocks that may outperform index. So, let it consolidates above 10400, then take your call. Today Nifty50 may face resistance at around 10500-10550. Check out more stock market intraday trading tips – 13 Mar 2018.
Today’s range for Nifty50 is 10330-10245 on the downside and on the upside, it may face resistance at 10470-10550. Bank Nifty, has a crucial support level at 24440-24200 and its key resistance levels are at 24800-24940.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs. 374.65 crore and domestic institutional investors (DIIs) sold shares around Rs 464.59 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 13 Mar 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 13 Mar 2018
BUY Tata Steel for a Target of 635.50, and keep Stop Loss @ 617.50
BUY Voltas for a Target of 645, and keep Stop Loss @ 634.50
Long BPL for a Target of 90, and keep Stop Loss @ 82
Future & Options (Put/Call) Day Trading Tips
Long Nifty March 10400 CE (Call Options Trading) for a Target of 155, and keep Stop Loss @ 90
Commodity Day Trading Tips
Short Crude Oil Mar Future for a Target of 3950, and keep Stop Loss at 4005
Currency Day Trading Tips
Long USDINR Mar Future for a Target of 65.30, and keep Stop Loss at 65.00
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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.