Free Intraday Tips,Nifty Trading Tips

[insight]

1. Pantaloon Retail March Future (Rs. 391)

Buy only on a move above 394 with a stop loss below 388 for an intra-day target of 402.

2. HCC (Rs. 138)

Buy only on a move above 139.5 with a stop loss below 136 for an intra-day target of 144.


Nifty - Volatility To Remain

The Nifty gained 20 points on Tuesday to close at 5225. It was a
volatile day at the markets as the index corrected in the first half
down to the psychological level of 5200 only to reverse in a “V”
shaped manner and not only retrace the loss but register fresh
gains towards the end. The volume activity was much better on
the way up, which was an encouraging sign. There are still no
clear-cut topping patterns on the charts as yet and hence the
recent range-bound action can only be understood as
consolidation. We still believe that the indices have an outside
chance of testing the Jan ’10 highs before a substantial pullback
is seen. The daily oscillators have now moved just below the
overbought line even though the sell trigger remains intact.
Divergence is still missing on the daily and hourly indicators. The
candlestick patterns suggest that every decline is being bought
into by the stronger hands. The IT, Banking, Healthcare and
Metals sectors are likely to outperform. For the day, support seen
at 5196/5185. Overall, the markets are likely to end the F&O
March series on a volatile note within the 5170-5240 area.