Indian bourses likely to open negatively due to attack on Syria by US, Britain, and France. Because of that crude oil price also rose. SGXNifty and HangSeng suggesting Nifty50 and Sensex may open 50-60 points down. However, short-term trend for the market is bullish and it may remain intact. Today, you can focus on stocks that are dependent on crude oil and rural-based sectors as you can expect good rainfall this year. Check out more stock market intraday trading tips – 16 Apr 2018.
Today’s range for Nifty50 is 10450-10400 on the downside and on the upside, it may face resistance at 10510-10550. Bank Nifty, has a crucial support level at 25050-24900 and its key resistance levels are at 25390-25550.
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.
Before you trade, keep an eye on global economic events and domestic earning calendar and trade accordingly. Moreover, you can expect good monsoon this season. So, you can focus on rural-based consumption stocks for short-term investment.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 399.59 crore and domestic institutional investors (DIIs) bought shares around Rs 306.05 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 – 16 Apr 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 16 Apr 2018
Short Infosys for a Target of 1130, and keep Stop Loss @ 1180
Long JM Financial for a Target of 144.50, and keep Stop Loss @ 134.90
Sell Tata Motors for a Target of 345, and keep Stop Loss @ 359.50
Future & Options (Put/Call) Day Trading Tips
Long Nifty Apr 10400 PE (Put Options Trading) for a Target of 90-105, and keep Stop Loss @ 45
Commodity Day Trading Tips
Buy Crude Oil Apr Future for a Target of 4490, and keep Stop Loss at 4380
Currency Day Trading Tips
Buy USDINR Apr Future for a Target of 65.45, and keep Stop Loss at 65.20
Check out Multibagger Jackpot Stocks Ideas also:
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.
Be sure to join my email newsletter to get more similar tips and updates.
If you find this post informative, do share it with your friends on Facebook, Twitter, Google+, and other social networks.
The use of this blog or the services offered by us means that you accept our disclaimer.
Disclaimer: Whether you decide or take any action in the stock market is absolutely your own risk. BuzzingStocks (akme.co.in) or its associates, or its employees will not be liable for any loss, directly or indirectly, while using this information. Furthermore, this information is neither for buy nor for a sell of any stocks or securities mentioned herein. You are only supposed to view and print/copy of the contents for your own personal and non-commercial purpose. Even you should not reproduce, republish, post, copy, transfer, transmit, extract or otherwise distribute the contents in any manner.