Free Intraday Stock Tips

INTRADAY CALLS – 24/07/08

PROBABLY YESTERDAY WAS ONE OF THE VERY FEW DAYS WHEN MARKETS BEHAVED AS EXPECTED BY EVERYBODY.  NO ONE NEEDED THE CHARTS TO KNOW IT. BUT IT ONLY GIVES NOTIONAL CHEERS TO TRADERS AS MOST OF THE STOCKS OPEN GAP UP AND DOES NOT PROVIDE A TRADING OPPORTUNITY.

SO, DAY TRADERS ARE THE MOST UNSECURED LOT AMONG ALL TYPES OF TRADERS. THE NUANCE OF MOVING IN AND OUT OF THE MARKET IN A GIFFY MAY AT BEST PROVIDE YOU A VERY LITTLE PROFIT TO THE TRADER AND  HANDSOME MONEY TO THE BROKER.  ON THE OTHER HAND ANY  HESITANCY IN EXITING POSITIONS MAY COST HEAVILY.  QUITE UNDERSANDABLY MORE THAN 95 PERCENT OF DAY TRADERS ARE ON THE LOSING SIDE.  HENCE, IN OUR COLOUMN WE ALWAYS ADVISE HEDGED TRADING IN THE DERIVATIVE WHICH NOT ONLY MINIMISE YOUR LOSS BUT ALSO PROVIDES YOU A DECENT PROFIT IN THE VOLATILE MARKETS. EVEN IN OUR DAY TRADING CALLS IF YOU BUY OR SELL NEAR OUR STOPLOSS LEVEL YOUR INTRA DAY PROFIT WILL BE EASILY THREE TIMES THE STOPLOSS. AVOID TRADING JUST FOR THE SAKE OF IT.

NIFTY FUTURE ON 23/7/08 OPEND HIGHER AT 4436 BRIEFLY TOUCHED 4387 AND FURTHER RALLIED TO END THE DAY AT 4500, NEAR THE DAY`S HIGH OF 4505.

NIFTY FUTURE SUPP LEVEL  4390, 4275 RESIST 4530,4570. THIS RALLY MAY CONTINUE FOR SOME MORE DAYS ON THE SHEER MOMENTUM STRENGTH. WE ADVISE CAUTION AT HIGHER LEVELS. AVOID LONG BELOW 4380.  STOCK SPECIFIC CALLS WILL BE GIVEN SHORTLY.

ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in.

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