Intraday Market Tips

INTRADAY NIFTY STOCK : TODAY: Trend is up Today support is 5500-5475 break and trade below only further weakness, higher level resistance 5555-5560- crossover and trade above may test 5600-5625 in near term. Today Magic No. 5558.

BSE: TODAY: Today it will face resistance 18500 range and it will show strength only above that level, down side support 18132- 17940 watch out. Today Magic No. 18113. .

BANK NIFTY STOCK :  Today: Trend is up but it will show strength 11100 and may test 11200-11250, down side support is 10810 watch out and further weakness below that level. Today Magic No. 10910

Nifty Future : Today if cross 5555 and stay with volume - it will move further may test. .thereafter ... some supply can not be ruled out. 

Down side support if unable to trade above 5555 and started below 5530 may test 5500- 5485 thereafter

BSE index: (18412) 18313 a solid support, keep stop loss of 18268 to your buys. Upward side it'll spurt up further to 18556-18615, book profit on higher levels & go short keeping stop loss of 18673. In better scenario crossover above 18673 only it'll sustain on higher levels & flare up to 18733 & 18976-19020.

Downward side-break below 18268 it'll turn weak & fall down to 18149-18132 & 17988.

Nifty June Future: (5537) 5501 a solid support, keep stop loss of 5490 to your buys. Upward side it'll spurt up further to 5588, book profit on higher levels & go short keeping stop loss of 5609. In better scenario crossover above 5609 only it'll sustain on higher levels & flare up to 5647 & 5723, go short keeping stop loss of 5742.

Downward side break below 5490 it'll turn weak & fall down to 5444 & 5411.

CAN Bank: (526) Buy considering 520-518 a solid support keeping stop loss of 511. Upward side it'll spurt up to 531 & 538.

PFC: (184) Buy considering 181 a solid support keeping stop loss of 177. Upward side it'll spurt up to 190 & 195.

HDFC Bank: (2416) Buy considering 2405 a solid support keeping stop loss of 2380. Upward side it'll rush up to 2436-2440 initially. Crossover above 2440 it'll sustain on higher levels & flare up to 2483-2491 & 2534.

SBI: (2325) Buy considering 2295 a solid support keeping stop loss of 2262. Upward side it'll rush up to 2376-2385 & thereafter to 2423.

AXIS Bank: (1305) It'll rush up further to 1320-1329 initially where selling will be seen. In better scenario crossover above 1329 it'll sustain on higher levels & spurt up to 1355 & 1368. Downward side 1285 & 1265 solid supports.

KOTAK Bank: (456) Buy considering 451.50 a solid support keeping stop loss of 445. Upward side crossover above 458 it'll spurt up to 463 & 470.

KTK Bank, CENTRAL Bank & IND INFOLINE: Just buy.

HAVELLS: (385) Keep stop loss of 375 & buy.

BHEL: (1967) Buy considering 1954 a solid support keeping stop loss of 1931. Upward side it'll spurt up to 2009-2013.

L&T: (1786) It'll rush up further to 1815 & 1830, book profit on higher levels & go short keeping stop loss of 1858. Downward side 1753 & 1733 crucial supports.

Intraday Call For Today

BSE index: (17507) Sell on higher levels considering 17626-17678 & 17733 solid resistances keeping stop loss of 17845.

Downward side it'll fall down further to 17227-17206, which is a crucial support from where intra day up surges not ruled out. In worst scenario a close below 17206 it'll crash down to 16848.

Intraday Nifty Stock Future: (5260) Sell on higher levels considering 5304-5318 a solid resistance keeping stop loss of 5362. Downward side it'll fall down further to 5179, 5160 & 5146. Consider 5179-5146 crucial support area from where intra day corrective up surges not ruled out.

In worst scenario a close below 5146 it'll crash down to 5034.

MARUTI: (1158) 1184, 1201 & 1233 solid resistances, sell. Downward side it'll fall down to 1123 & 1081.

TATA MOTORS: (930) It'll fall down further to 922-916 initially, which is a crucial support to watch out for. In worst scenario a close below 916 it'll heavily crash down to 834 & 805. Upward side 960 & 975 solid resistances, keep stop loss of 986 to your shorts.

M&M: (633) Sell or remain short considering 639-643-646 solid resistances keeping stop loss of 660. Downward side it'll fall down to 612-610 & 586.

BAJAJ AUTO: (1312) Sell considering 1321 & 1331 solid resistances keeping stop loss of 1350. Downward side it'll fall down to 1278 initially, which is a crucial support. Break below 1278 it'll crash down to 1252 & 1210.

JET AIR: (423) Sell considering 430 & 440 solid resistances keeping stop loss of 452. Downward side it'll fall down to 406 & 387.

HDFC Bank: (2304) Sell considering 2333 a solid resistance keeping stop loss of 2360. Downward side it'll fall down to 2256 & 2211.

PANTALOON: (281) Sell considering 289 a solid resistance keeping stop loss of 297. Downward side it'll fall down to 266 & 253.

RIL: (834) Break below 829 it'll fall down further to 811 & 796 from where corrective up surges will be seen. Upward side 854 & 865 solid resistances, keep stop loss of 875 to your shorts.

REL CAP: (521) It'll fall down to 514 initially, which is a most crucial support. Break below 514 it'll crash down to 488. Upward side 540 a solid resistance, keep stop loss of 546 to your shorts.

REL INFRA: (545) Sell on higher levels considering 560 a solid resistance keeping stop loss of 574. Downward side it'll fall down to 525 initially. Break below 525 it'll crash down to 505 & 489.

Intraday Trading Tips

As far as, extreme short term charts are concerned, Nifty, after a sharp rise of nearly 275 points between 25th May & 3rd June took corrective decline of nearly 125-130 points & started its recovery towards 5600. Now Nifty has strong resistance in the region of 5605-5615 & if this resistance taken care of decisively Nifty trading would be heading for 5775-5800 where it will again need strong resistance. 

On the bearish side Nifty stock has good support between 5450-5475 & if this support is violated then further decline to 5325 will become inevitable. It may not be out6 of place to mention that Nifty is making a kind of "Inverted Head & Shoulder" pattern having neckline resistance around 5615.

Sector wise, most of the stocks like Delta Corp., KGL, India Infoline, Bajaj Fin. Serv., HCC, HDIL, IVRCL Infra, On Mobile, Jupiter Bioscience, Bartronics etc. were among the top gainers of the day,  to close in positive territory whereas stocks like GSS America, NDTV, Manappuram, Pantaloon Retail, Shriram Transport Finance, U Flex, Hind Unilever, Hero Honda etc. attracted profit booking at higher levels & closed in red territory. As far as, A/D data is concerned it was in favor of bulls in the ratio of 4:3 with 816 advances & 599 declines during the day.

In nutshell, Intraday Nifty, after rising by more than 275 points in last 6-7 trading sessions took corrective decline of nearly 125-130 points & staged a recovery towards 5600-5625. In this process Nifty has been making a highly bullish reversal pattern i.e. "Inverted Head & Shoulder" pattern with neckline resistance around 5625. If this resistance is violated Nifty can go anywhere between 5775 & 5900. On the bearish side, decisive close below 5450 will reactivate the bearish targets of 5300 & below in coming weeks. 

The best strategy is to concentrate on stocks like Delta, Cipla, Bartronics, India Infoline, Bajaj Fin. Serv. & On Mobile which have given bullish breakout from various patterns of different time frames.

INTRADAY NIFTY FUTURE

Nifty Future Closing : 5529
Watch carefully today's nifty magical figure... 5535
Buy Nifty Future above magical figure for upside
First target...   5558 and above it
Second target...    5577
and crosses over both it will come...    5600
Sell Nifty Future, if intraday trading tips is running below magical figure then your downside
First target...    5502
Second target... 5475
Third target... 5444

SENSEX

(Closing -18394)
Today's Sensex magical figure... 18416
Above magical figure upside targets ,
First target ... 18480
Second target...18540
Third target ... 18610
Sensex Running Below Magical Figure,
First target ....   18313
Second Target ... 18235
Third target ...18140

BANK NIFTY FUTURE

(Closing - 10799)
Today's magical figure...10810

Buy it above magical figure upside
First target ... 10890
Second target ... 10940
Third target...    10985
Sell it if running below Magical figure for downside:
First target ...10725
Second target...10650
Third target ... 10600

TCS FUTURE

(Closing - 1182)

Today's magical figure... 1186
Buy it above magical figure upside targets
First target ... 1200
Second target ... 1217
Third target ... 1232
Sell it running below Magical figure for downside:
First arget ... 1174
Second target ...1165
Third target ... 1154

RELIANCE FUTURE

(Closing - 951)
Today's magical figure... 950
Buy it above magical figure upside targets
First target ... 960
Second target ... 970

Third target ... 980
Sell it running below Magical figure for downside:
First arget ... 940
Second target ...930
Third target ... 920

Intraday Nifty Stock Future

Intraday Nifty Stock Market : TODAY : Yesterday market was in a narrow range. We may consider support 5520-5500, resistance 5590-5611 watch out. Two close above 5600 over all buying in the market. Today Magic No. 5574 watch out. 

BSE

Today BSE Index again sowing support at lower level 18300 and 18250, whereas the resistance exit 18540, over all buying in the market. Today magic no. 18558.

BANK NIFTY :

Today : Bank Nifty continue in trading range.....we may consider support 10710-10650, resistance 10900-10950....Trend is indicate in coming days big move likely

LIC HOUSING

Looks very hot...

Fresh long were saw in this counter....

Above 230 target 241 then 250 mark. 

HDFC

Looks hot....

Big move in coming days.

Trading above 50-200 DMA real move likely.

SUN TV

Culprit of Thursday Trading

`Big shorting were saw - Nearly 25 lacs shares

Below 285 target 241..... 

RELCOM

90 are a trend decider of this counter

Above bull favour

Below bear favour....

BAJAJ AUTO

Above 1350 no problem in this counter

May test 1400...... 

TATA MOTORS

Today support 1044

Today Resistance 1075 watch out 

TATA STEEL

Trend is DOWN ...

Consider support 565

Today above 578.......stay with volume

Overall buying in the market. 

NIFTY FUTURE

Intraday Nifty Stock Future Closing : 5558
Watch carefully today's nifty magical figure... 5576
Buy Nifty Future above magical figure for upside
First target...   5599 and above it
Second target...    5622
and crosses over both it will come...    5648
Sell Intraday Nifty Future, if Nifty is running below magical figure then your downside
First target...    5531
Second target... 5505
Third target... 5480

SENSEX

(Closing -18494)
Today's Sensex magical figure... 18550
Above magical figure upside targets ,
First target ... 18616
Second target...18688
Third target ... 18760
Sensex Running Below Magical Figure,
First target ....   18414
Second Target ... 18336
Third target ...18263

BANK NIFTY STOCK FUTURE

(Closing - 10825)
Today's magical figure...10850

Buy it above magical figure upside
First target ... 10905
Second target ... 10980
Third target...    11035
Sell it if running below Magical figure for downside:
First target ...10775
Second target...10730
Third target ... 10650

RELIANCE FUTURE

(Closing - 957)

Today's magical figure... 963
Buy it above magical figure upside targets
First target ... 974
Second target ... 990
Third target ... 1005
Sell it running below Magical figure for downside:
First arget ... 940
Second target ...926
Third target ... 913

INFOSYS FUTURE

(Closing - 2819)
Today's magical figure... 2820
Buy it above magical figure upside targets
First target ... 2840
Second target ... 2863

Third target ... 2888
Sell it running below Magical figure for downside:
First arget ... 2791
Second target ...2770
Third target ... 2753

L & T FUTURE

(Closing - 1682)
Today's magical figure... 1693
Buy it above magical figure upside targets
First target ... 1702
Second target ... 1748

Third target ... 1765
Sell it running below Magical figure for downside:
First arget ... 1663
Second target ...1640
Third target ... 1620