After huge selling on yesterday’s trading session, Nifty50 and Sensex may recover today. Asian Indices are also trading in green. However, domestic cues are not so supportive because of scam and other related factors. So, stay away from Power Finance Companies, NBFCs, and Banking sector as a whole. Today Nifty50 may face resistance at around 10300 level and may move sidewise. Check out more stock market intraday trading tips – 08 Mar 2018.
Today’s range for Nifty50 is 10050 to 10300 and Bank Nifty is 23900 to 24500.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs. 719.78 crore and domestic institutional investors (DIIs) bought shares around Rs 409.34 crore in the Indian stock market.
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Stock Market Intraday Trading Tips – 08 Mar 2018
Equity, Future & Options, Commodity & Currency
Equity Stock Market Intraday Trading Tips – 08 Mar 2018
BUY Voltas for a Target of 634.50, and keep Stop Loss @ 624.50
Short PTC for a Target of 84.50, and keep Stop Loss @ 95.50
BUY Amtek Auto for a Target of 24.85, and keep Stop Loss @ 22.10
Future & Options (Put/Call) Day Trading Tips
Long Nifty March 10200 CE (Call Options Trading) for a Target of 200, and keep Stop Loss @ 105
Commodity Day Trading Tips
Long Crude Oil Mar Future for a Target of 4030, and keep Stop Loss at 3930
Currency Day Trading Tips
Long USDINR Mar Future for a Target of 65.15, and keep Stop Loss at 64.95
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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.