Intraday Stock Calls From Experts

Tracking the cues from Global market Nifty once again opened down sharply and knocked out the momentum developing on Friday. Once the Index drifted below 4850 it struggled to recover for the first half of the session and after it raded in positive territory sentiments improved and it moved towards our first target of 4922 but drifted down from 4918 to close at 4899.

Today with a gap down of almost 40 points @ 4847. It made an intraday low of 4822 in the first hour and found good buying support near the low which took nifty above 4900 levels. Nifty recovered all the morning losses and made an intraday high of 4924, closing up by approx 15 points @ 4900.

After last weeks heavy selling, Nifty has managed to get some buying support near the lows. Though the volumes are low, but once Nifty futures crosses the 4950 mark we could expect fresh bout of Buying. Only a close above 4950 will end the Bearish sentiment and take nifty to higher levels. On the downside, there is minor support @ 4800 zone and below that the major support now stands at 4750 area.

Intraday Stock Calls

BALARAMPUR CHIN (LAST CLOSE 124)
BUY WITH SL OF 114 FOR THE TARGET OF 147

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BIOCON (LAST CLOSE 271.75)
BUY WITH SL OF 262 FOR THE TARGET OF 310

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CESC (LAST CLOSE 405)
BUY WITH SL OF 388.

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DECCAN AVIATION (LAST CLOSE 56.40)
BUY WITH SL OF 52

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GRASIM (LAST CLOSE 2647)
BUY WITH SL OF 2580

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HINDUSTAN CONST CO (LAST CLOSE 138.45)
BUY WITH SL OF 132