Free Intraday Stock Tips

Stock Tips for 15-July-2009

Nifty finally ended it six day losing streak by registering impressive gains on back of positive global clues. But this move can not be considered as turn around of any kind, market has to cross over 4250 with volume to bring in cheers, which looks very unlikely. Today market has support at 4080 and 4050 and on the up side 4200 is on cards,4255 is the biggest hurdle for any upside. Advance Declines improved considerably but volumes were not very impressive. Traders must exercise due caution for till clear direction emerges.

Buy nifty only above 4150 sl- 4128 Target- 4178/4195 / 4214

Sell nifty only below 4085 sl- 4110 Target- 4062/ 4040/3992.

If Nifty Trades above 4140 then Buy

AXIS BANK
Buy above 768 with Stop Loss of 759
For Target 780 –785

HERO HONDA
Buy above 1411 with Stop Loss of 1390
For Target 1435 –1449

NTPC
Buy above 195 with Stop Loss of 192
For Target 200 –204

If Nifty Trades below 4080 then Sell

DLF
Sell below 296 with Stop Loss of 302
For Target 290—285

UNITECH
Sell below 71 with Stop Loss of 73
For Target 66—65

SUZLON
Sell below 88 with Stop Loss of 91
For Target 84—82

Option Calls

Meanwhile ITC is an ideal stock to test traders patience. Stock has formed multiple tops around 215. Volumes are coming down and it looks like require lot of strength to cross 215

Once 215 is crossed buy for a tgt of 218 220 sl 212 .

Better option is to buy 210 CE once 215 is crossed.

Tags: daily market report, day trading calls, intraday stock calls, nifty signals, Options