1.Trend Stock Market:Market is saddled with burden of the subprime mortgage woes of Wall Street and European markets which is causing a flutter in all the markets and thus Indian markets cannot be behind.So be ready to get good blue chips on sale as market appears to be poised to touch 4100.Watch Nifty Breaking 4199-4099 and if broken twice,we may be in for levels which may even break 4000 levels and may touch till 3800.
SENSEX 14885.20(-214.95)
NIFTY 4333.35 (-69.85)
FTSE 6158.00 (-1.81%)
NASDAQ 2556.49(-2.16%)
DOW JONES13270.68(-2.83%)
NIKKEI 16764.10(-2.37%)
2.Recap:As suggested market opened down and thus Balaji Tele call could not be traded as market was in down trend as indicated in my previous post and thus be ready with entry price in your hand as indicated to effectively day trade in this scrip.All online platforms have a Alert system in which you can fill your entry price and on reaching that price online trading platform gives you a alert and thus you need not keep staring on scrip price.But remember to enter only at recommended price.
3.Strong Future Stocks
Jaiprakash Hydro
Lanco Infratech
Educomp
IFCI
Nagar Fertilisers
Rel Natural resources ltd
Mcdowell
Ballarpur Industries
Crompton Greaves
Dena Bank
4.Weak Future Stocks
Divi Lab
Gateway Distripak
Renuka Sugars
India Infoline
Praj Industries
Escorts
Financial Technonology
AiA Engineering
Patni Computers
Strides Acrolab.
5.Presently undertake delivery trades as it is a off season sale for these blue chips and you can hoard them for long term investment.Trade with cash which you can spare for atleast 3 months in delivery stocks.
6.Avoid day trading and let the trend clear.Alternatively buy stock with delivery tag and intraday trade in it,book intraday profit else take it as a fixed deposit.
7.Delivery:Buy ABB for long term delivery as its a fixed deposit.For day Tarding parametres can be used as
Buy ABB>1106.05,1139.00,1194.No stop loss is being defined as you can hold it as a FD.Book intraday profit if available.
NOTE:Technical Indicators have shown that ABB is in down trend,so definitely trade in it if you can hold else let the trend be clear.
INTRADAY TIPS FOR INDIAN STOCK MARKET:13 AUG
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