Free Intraday Stock Tips

Happy Holi/Stocks Tips/Day Trading Tips

The long Budget completed its lights and after that we are back again to our global We we’d a mixed budget and it was not enough to kindle the lights of common man but also if we look in to the angle from markets, our FM did his part, so the markets welcomed the session with a handy 62 points gain on last Friday.

Important Highlights of Budget:

· Fiscal deficit for FY11 pegged at 5.5% of GDP; rolling targets of fiscal defict at 4.8% in FY12 and 4.1% in FY13
· Inflation seen at 4.5% in both FY12 and FY13; 4% in FY11
· GDP growth seen at 9% in FY13 and 8.5% in FY11
· Divestment proceeds expected at Rs.40,000 cr in F

We are presenting the line chart once again. Here, 3 Moving averages 50, 100 and 200 periods are shown. The following points to be noted now.
1. At point “A”, NIFTY dropped below 50 DMA but away from 100 DMSA.
2. At point B, NIFTY breached the 100 DMA but away from 200 DMA.
3. At Point C, NIFTY came closer to 200 DMA, after breaching 50 and 100 DMAs.
4. At present, the 50 DMA is too close (only 6 Points) to the cross over.
Last week’s chart, in which I had shown you the past performance when such crossover occurred.

From all the points mentioned above you can very interpret the Bearishness is on the increase. From point no.4, we can see the crossover can occur any day next week.

 

 

Trading Strategy for 2 Mar, 2010

Intraday Support for the market shall be 4872 & 4836 .

While the market will experience resistance at 4978 & 5018.

Buy above 4948 with Stop Loss of 4897

Sell below 4897 with Stop Loss of 4948

 

RELINFRA
Buy near 1002
sl 995
Targets 1012,1020
Or if trades below 963
Short RELINFRA
SL 970
Targets 953,945

AXISBANK
Buy above 1126
sl 1119
Targets 1136,1144
Or if trades below 1095 Short AXISBANK
SL 1102
Targets 1085,1078

RANBAXY
Buy above 466
sl 460
Targets 475,480
Or if trades below 430
Short RANBAXY
SL 436
Targets 421,415

Tags: daily market report, day trading calls, Intraday, intraday stock calls, intraday tips, nifty signals, Short Term Calls, stock calls, world news

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