Thursday, February 3, 2011

Free Intraday Trading Tips For Today


As per market condition there is some stocks that show fresh momentum like RECLTD, RENUKA, HDIL, FORTIS, ADANIENT, ESSAROIL and WIPRO. And on other and bearish stocks are BAJAJ-AUTO, TATACHEM, SBIN, LICHSGFIN and HEROHONDA.

On the daily chart, the Nifty is trading below its 20 DMA and 40 DMA i.e. 5709 and 5790 respectively, which its crucial levels are going forward. Nifty has important support now 5400 and 5380 breaking 5380 may cause heavy selling pressure and downside possible 5300 – 5265. Advised to apply trading strategies to sell at higher level.

Top traded volumes on NSE Nifty – JP Asso with total traded volume of 23,655,994, followed by ITC with 14,164,030, Suzlon Energy with 14,040,872, DLF with 11,650,905 and Reliance with 8,663,045.

On BSE, total number of shares traded was 27.73 Crore and total turnover stood at Rs 3,456.44 Crore. On NSE, total number of shares traded were 69.55 Crore and total turnover was Rs 13,696.99 Crore.

The FIIs on Tuesday stood as net seller in equity and net buyer in debt. Gross equity purchased stood at Rs 2,592.5 Crore and gross debt purchased stood at Rs 1,931.2 Crore, while the gross equity sold stood at Rs 3,493 Crore and gross debt sold stood at Rs 536.9 Crore. Therefore, the net investment of equity and debt reported were Rs (900.5) Crore and Rs 1,394.3 Crore respectively.

Similarly the top losers at NCDEX future are Potato for August contract (-2.2%), Turmeric for June contract (-1.5%), Turmeric for May contract (-1.3%), Light Sweet Crude Oil for February contract (-1.0%) and Light Sweet Crude Oil for March contract (-0.9%). (At 2:43 P.M today)

The BSE Oil&Gas index was at 9,454.57 up by 171.7 points or by (1.85%). The main gainers were RIL (2.88%), BPCL (2.31%), Oil India (0.72%), Cairn India (0.57%) and ONGC (0.57%).

On the corporate front, shares of Parabolic Drugs Ltd declined by 0.10% to Rs 48.60 despite of reports that net profit of the company surged 33.2% to Rs 12.48 crore in Q3 Dec’10 on y-o-y basis.

European markets, which opened after the Indian market were intraday trading on a positive note. Key benchmark indices like – CAC 40 was trading higher by 0.12% at 4,077.56, in Frankfurt, DAX index was trading up by 0.08% at 7,189.80 and FTSE 100 advanced by 0.65% at 5,996.60.

The BSE Realty was at 2,189.97 up by 51.24 points or by (2.40%). The main gainers were Unitech (5.11%), HDIL (4.51%), Godrej Prop (4.18%), Parsvnath Dev (3.09%) and DLF (2.85%).

On NSE Future and Options, total number of contracts traded in index futures was 658213 with a total turnover of Rs 16,964.50 Crore. Along with this total number of contracts traded in stock futures were 602972 with a total turnover of Rs 15,709.53 Crore.

Top traded volumes on intraday nifty trading – DLF with total traded volume of 17,548,250, followed by Tata Steel with 15,400,454, Suzlon Energy with 14,578,424, JP Asso with 14,410,635 and Bharti Airtel with 10,571,769.

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