Pre-Opening Stock Market Intraday Trading Tips June 01 India

By | June 1, 2018

European and US markets closed in red in yesterday’s trading session. However, you can adopt buy on dips strategies in Indian bourses especially BankNifty. Keep an eye on auto and banking stocks today. Check out more pre-opening stock market intraday trading tips June 01 in Equity, Futures & Options, Commodities, and Currencies.

 



Nifty Range

Today’s range for Nifty50 is 10650-10565 on the downside and on the upside, it may face resistance at 10795-10850.

BankNifty Range

Bank Nifty, has a crucial support level at 26500-26000 and its key resistance levels are at 27300-27635.

FII and DII Activity

Foreign institutional investors (FIIs) sold shares worth Rs. 15.31 crore and domestic institutional investors (DIIs) bought shares around Rs 266.02 crore in the Indian stock market.

Stocks under Ban Period – NSE

None of the stocks are under ban period today

Stock Market Intraday Trading Tips June 01

Pre-opening day trading calls on Equity, Future & Options, Commodity & Currency.


Equity Stock Market Intraday Trading Tips

Long Praj Ind for a Target of 101, and keep Stop Loss @ 93.95

Short ONGC  for a Target of 161, and keep Stop Loss @ 180

Short Vedanta for a Target of 239.50, and keep Stop Loss @ 252

Future & Options (Put/Call) Day Trading Tips

Long Nifty Jun 10700 CE (Call Options Trading) for a Target of 155-170, and keep Stop Loss @ 99

Commodity Day Trading Tips

Short Crude Oil June Future for a Target of 4450-4400, and keep Stop Loss at 4600

Currency Day Trading Tips

Short USDINR June Future for a Target of 67.30, and keep Stop Loss at 67.75

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.

Check out Multibagger Jackpot Stocks Ideas also:

Get 380% Return On Multibagger Jackpot Stock SAIL

Create Wealth With Multibagger Jackpot Stock BHEL And Earn More Than 80% ROI

Double Your Money With Coal India Limited (CIL), Multibagger Jackpot Stock – 17 April 2017

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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