Free Intraday Stock Tips

Intraday Calls/Market Outlook For Today

A day came after eight days of range bound movement. The bulls won in the end.
Reliance helped the index and gave upside indications much before Nifty breakout.

The markets opened lower yesterday on mixed global cues and remained low on volume till early noon. Got slightly positive on buying in frontline stocks led by bellwether Reliance Industries.
Banking stocks which were trading in the negative in early noon turned positive in mid afternoon on hectic buying coupled with short covering. Reliance Industries, which has the highest weight on the main index rose 3.8 percent to 1,066.80 rupees,

Now support comes at 5168 and 5140.
Resistance at 5240

Reliance Communications said that it was open to acquisitions in India as a part of its strategy to grow its presence in the domestic market and would do so at the right opportunity. (BS)
Tata Power is looking to help arrange coal supplies from Australia, Indonesia and Africa for small power producers amid a growing shortage of the resource in India. (BS)
Bharti Airtel, in talks to buy the African mobile operations of Kuwait’s Zain for USD 9 bn, has issued a term sheet to banks to raise up to USD 8.5 bn in offshore loans to fund the deal, banking sources said. (BS)

Intraday:
Buy above 5221 with Stop Loss of 5178
Sell below 5178 with Stop Loss of 5221

Sell Bank Nifty

Around 9145
SL: 9189
Target : 9070 & 9035

 

JAICORPLTD  ( Jai Corp Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	264	252	272	285
S.SELL BELOW	250	255	242	222

WALCHANNAG  ( Walchandnagar Industries Ltd )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	241	233	246	253
S.SELL BELOW	232	235	227	215

TEXMOPIPES  ( Texmo Pipes And Products Limited )

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	161	156.5	163.5	167.5
S.SELL BELOW	156	157.5	153.5	146.5

 

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

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