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