Monday, 7 May 2012

intraday trading tips indian stock market



BSE index: (16913) It'll surge up further to 17030-17060 & thereafter to 17143; sell on higher levels keeping stop loss of 17226. Downward side it'll fall down to 16729 initially, which is a crucial support. Break below 16729 it'll fall down further to 16568, cover shorts on lower levels.

Intraday trading tips for Nifty MAY Future: (5126) 5154 a nearest hurdle crossover above which it'll surge up to 5207, sell on higher levels keeping stop loss of 5228. Downward side it'll fall down to 5070 initially. Break below 5070 sudden panic will drag it down to 5018, cover shorts on lower levels.

Bank Nifty MAY Future: (9872) It'll surge up further to 10035-10091 initially, sell on higher levels keeping stop loss of 10205. Downward side it'll fall down to 9688 initially. Break below 9688 sudden panic will drag it down to 9570-9526, cover shorts on lower levels.

JET AIR: (329) Sell on higher levels keeping stop loss of 343. Downward side it'll fall down to 315-312.
HERO HONDA: (1957) Buy considering 1940 & 1929 crucial supports keeping stop loss of 1900. Upward side it'll surge up to 1992 & 2030. Downward side break below 1900 it'll turn weak again & fall down to 1850 & 1820.

BAJAJ AUTO: (1515) Buy considering 1500 & 1483 crucial supports keeping stop loss of 1470. Upward side it'll surge up to 1546 & 1578, selling on higher levels will be seen. Downward side break below 1470 it'll turn weak & crash down to 1433 & 1410.

SBI: (2026) 2053 a crucial resistance crossover above which it'll surge up to 2098, sell on higher levels keeping stop loss of 2131. Downward side it'll fall down to 1985 & thereafter to 1959 & 1947.

PNB: (797) Buy considering 789 a crucial support keeping stop loss of 785. Upward side it'll surge up to 826 & 839, sell on higher levels keeping stop loss of 851. Downward side break below 785 it'll turn weak & fall down to 772.

BOB: (680) Crossover above 690 it'll surge up to 704, 714 & 724-727, sell on higher levels keeping stop loss of 741. Downward side 672 & 655 crucial supports. Break below 655 it'll crash down to 633.

UBI: (216) Sell considering 222 a crucial resistance keeping stop loss of 228. Downward side break below 207 it'll fall down to 199 & 194.

HDFC Bank: (532) Sell on higher levels considering 537 & 545 solid resistances keeping stop loss of 553. Downward side 525 & 516 crucial supports. Break below 516 it'll heavily fall down to 497.

AXIS Bank: (1023) It'll surge up further to 1043-1054 & 1075, sell on higher levels keeping stop loss of 1094. Downward side 999 & 969 crucial supports to watch out for. Break below 969 it'll crash down to 931.

Regards,
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