Bulls and bears may tussle over each other in today’s trading session as well. However, bears have more control in the markets and so adopt sell on rally strategies in index trading. Traders are advised to trade with caution and with a strict stop loss as the market may move both ways. Check out more pre-opening stock market intraday trading tips June 20 in Equity, Futures & Options, Commodities, and Currencies.
Nifty Range – Day Trading
Today’s range for Nifty50 is 10680-10650 on the downside and on the upside, it may face resistance at 10750-10825.
Bank Nifty, has a crucial support level at 26150-26090 and its key resistance levels are at 26400-26535.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 1324.92 crore and domestic institutional investors (DIIs) bought shares around Rs 653.68 crore in the Indian stock market.
Stocks under Ban Period – NSE
Infibeam, Jet Airways, and DHFL are under F&O ban period today.
Stock Market Intraday Trading Tips June 20
Pre-opening day trading calls on Equity, Future & Options, Commodity & Currency.
Equity Stock Market Intraday Trading Tips June 20
Long Novartis India for a Target of 725, and keep Stop Loss @ 695
Short CESC for a Target of 925, and keep Stop Loss @ 949
Long EIL for a Target of 134.50, and keep Stop Loss @ 124.95
Future & Options (Put/Call) Day Trading Tips
Long Nifty June 10700 PE (Put Options Trading) for a Target of 120, and keep Stop Loss @ 62
Commodity Day Trading Tips
Short Crude Oil July Future for a Target of 4350-4300, and keep Stop Loss at 4465
Currency Day Trading Tips
Long USDINR June Future for a Target of 68.60-68.80, and keep Stop Loss at 68.15
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.
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.