Intraday Nifty Future Tips: March 11, 2010

Foreign funds bought shares worth Rs 2173.09 crore and domestic funds sold shares worth Rs 171.66 crore on Tuesday, 9 March 2010, as per provisional data.

The BSE 30-share Sensex rose 45.79 points or 0.27% to 17,098.33. The index rose 130.97 points at the day’s high of 17,183.51 in morning trade. The Sensex lost 24.62 points at the day’s low of 17,027.92 in early trade.

The S&P CNX Nifty rose 14.75 points or 0.29% to 5116.25.

Nifty has taken a support as expected. Again Nifty is likely to take its next support at 5070. However, it can climb upto 5150 during its uptrend throughout the day.

DRREDDY: This stock can slip below 1158 can touch 1147. Genuine stop loss should be at 1163.

GRASIM: It is going to make a intermediate double top formation. However, it may face a hurdle at 2876.

DIVISLAB: Major speculation is observed during previous intraday session. Hence, traders should remain alert while trading in this stock.

MARUTI: During its decline, it may fall below 1473 and touch at 1463. Stop Loss should be kept at 1478.

Malav Bhatt,
(Head: Research Team)
Gurukrupa Capital.

Tags: DIVISLAB Technical Analysis, DRREDDY Technical Analysis, Free F&O Tips, Free Intraday Stock Tips, Free Intraday Stock Trading Tips, Free Nifty Tips, Grasim Technical Analysis, Intraday F&O Tips, Intraday Hot Stocks:, Malav Bhatt Market Predictions, Maruti Technical Analysis, Nifty Astrology, Nifty Intraday Trading Tips

Posted in Intraday Hot Stocks: | Comments Off

Intraday Nifty Future Tips: March 10, 2010

The BSE 30-share Sensex fell 50.06 points or 0.29% to 17,052.54,. The index rose 28.23 points at the day’s high of 17,130.83 in mid-afternoon trade. The Sensex lost 71.39 points at the day’s low of 17,031.21 in late trade.

The S&P CNX Nifty fell 22.50 points or 0.44% to 5101.50. Nifty March 2010 futures were at 5,093, at a discount of 8.50 points over spot closing of 5,101.50. Turnover in NSE’s futures & options (F&O) segment was Rs 52,434.16 crore, lower than Rs 59,633.67 crore on Monday, 8 March 2010.

The market breadth, indicating the overall health of the market, was weak. On BSE, 1826 shares declined as compared with 1084 that advanced. A total of 60 shares remained unchanged.

As we stated yesterday, Nifty has taken a nice support at 5096. Today, Nifty will remain highly volatile till 12:00. The level of 5070 is strong support for its intraday trend. However, it is likely to check this level and may try to move upwards.

JINDALSTEEL: This stock may go downwards below 683. It can get the first target of 675 during its intraday movement. However, stop loss should be at 688.

SUNTV: This may remain fluctuated between 402 to 412. Hence, jobbing can only be the right choice during intraday movement.

VOLTAS: It can slip below 164 and trigger the first target of 160. The level of 166 can be the right stop loss.

Malav Bhatt,
(Head: Research Team)
Gurukrupa Capital.

Tags: BSE Sensex Predictions, Free Intraday Stock Tips, Free Intraday Stock Trading Tips, Free Nifty Tips, Intraday Hot Stocks:, Intraday Nifty Prediction, Intraday Nifty Trend, JINDALSTEEL, Malav Bhatt Market Predictions, Nifty Astrology, SUNTV, VOLTAS

Posted in Intraday Hot Stocks: | Comments Off