Best Intraday Trading Stocks

INTRADAY NIFTY STOCK MARKET : Last week it made an intraday low 5116 but managed to close above 5200 level. Volatility continues in the market as a bad news in the market. In this week major companies declaring their earnings like Tata Motors, LT, IOC, BPCL, Coal India and Mahindra and Mahindra. However, open interest extremely low, which is around Rs. 1,20,000 crores that indicates that there may be no danger of the fall exacerbating due to margin pressure, which is holding future and options.

In this week consider trend decider 5293 - above it will test 5230-5350-5372 thereafter again supply likely. Lower side down side support exit 5110, thereafter free fall mode up to 5000 and once close below more panic in the market up to 4785.

Today: With the effect of Global cues at the end of the week Intraday Nifty opens negatively -127 points down and after it goes more down side around 200 points. And now next Global cues indicate the market situation more down side in the market. Momentum in the short-term oscillators is weak and there is no indication for a turnaround or recovery in prices yet. 

Bank Nifty Stock Market Future: (10348) 10379 a nearest resistance crossover above which it'll surge up to 10443 & thereafter to 10518 & 10575-10589, sell on higher levels keeping stop loss of 10603. Downward side it'll fall down further to 10133, 10075 & 10016 initially. A close below 10016 it'll heavily crash down to 9931, 9792-9763, 9660 & 9521.
Upward side a close above 10603 it'll surge up further to 10742-10771, sell on higher levels keeping stop loss of 10789.

M&M: (655) Sell on higher levels considering 682-686 solid resistance keeping stop loss of 708. Downward side it'll fall down further to 630-617 initially which is a most crucial support to watch out for. A close below 617 it'll heavily crash down to 517.

RELIANCE: (792) Sell considering 806 & 815 solid resistances keeping stop loss of 831. Downward side it'll fall down to 776, 770 & 758 initially. A close below 758 it'll crash down to 744, 735-725 & 692.

REL CAP: (495) Sell considering 510 & 522 solid resistances keeping stop loss of 532. Downward side break below 481 it'll fall down to 469-457 initially. A close below 457 it'll heavily crash down to 442 & 420.

REL INFRA: (524) Sell considering 536 & 547 solid resistances keeping stop loss of 559. Downward side it'll fall down to 499 & 476.

BHEL: (1716) It'll fall down further to 1662 & 1630 initially. A close below 1630 it'll heavily crash down to 1599-1583 & 1509-1494. Upward side 1749 & 1787 solid resistances, keep stop loss of 1825 & go short on higher levels.

GE SHIP: (254) Sell on higher levels considering 259-261 solid resistance keeping stop loss of 267. Downward side it'll fall down to 230, 212 & 184.

TCS: (1056) Sell considering 1087 & 1112 solid resistances keeping stop loss of 1120. Downward side it'll fall down to 1022 initially. A close below 1022 it'll crash down to 966.

ICICI Bank: (966) Sell considering 987 & 1004 solid resistances keeping stop loss of 1032. Downward side it'll fall down to 918 & 867.

As the bad news from USA hence further fall, which could test 5110 seems possible. On the weekly chart it is in Triangle formation and below 5192 can see more down side situation and it tries to making the new lows may be possible we can maintain. Now we may consider the support level on down side it around 5116-5044-4970 and resistance around 5329-5368. Today Magic No. 5230 below bear favour and may test 5110, thereafter vertical fall likely