Free Intraday Stock Tips

Forex & Commodity Update

GOLD FUTURE (India)

The counter after firm opening yesterday hit a high and low absolutely near the levels indicated in these columns yesterday. The gold made a high of 17107 and a low of 16892 in intra day trades yesterday. The counter finally closed the session with positive bias. The counter appears attractive on charts and may open higher today. The counter will gain strength once it trades and remains above 17062.75 whereby it may move up to 17109/17150. Strong support for the gold exists at 16971.25 which if breached decisively then it may slide to 16935/16891.

via Forex & Commodity Update.

Daily Stock Calls

The market after opening firm yesterday moved range bound till noon when a sustained selling in front line stocks built pressure on the indices which started drifting lower as the session progressed. The Sensex fell 1.3 percent to its lowest close in more than two weeks on large scale sell off in the banking stocks on fears that the apex bank may sooner than later revise the rates and tighten the policy after the inflation rose higher in November. Market sentiment got further dampened after weak opening of European bourses. The Sensex finally closed the session losing 220 points at 16877. Readers are advised to trade with caution in view of high volatility in the market and avoid building large positions till a clear market trend emerges.

Bullish View:Close above 5080 will bring momentum and any open above 5050 is positive.Watch out 5045/5065/5090/5115

Bearish view:Watch 4995 closely.

ANY CLOSE BELOW 4995 is BEARISH.Watch out 4995/4955/4935

Today we may open Flat to positive

Intraday Calls

COX & KINGS
Buy above 433
sl 427 Targets 443,450

Or if trades below 415
Short COX&KINGS
SL 421
Targets 405,397

LICHSGFIN
Buy above 799
sl 792
Targets 809,815

Or if trades below 786
Short LICHSGFIN
SL 793
Targets 776,768

RELCAPITAL
Buy above 848
sl 842
Targets 858,864

Or if trades near 832
Short RELCAPITAL
SL 839
Targets 822,815

Tags: intraday tips