Day Trading Tips for 27 Jan 2013 NSE

Following Stocks can be considered for day trading on 27 Jan.

1. Maruti - Long.
2. Lupin - Long.
3. Biocon - Short
4. L&T - Long
5. Tata Steel - Long

I do not provide any entry/exit/SL/Targets. Readers are expected to enter based on charts analysis 15 - 30 minutes after the market open.

Please note that next week will be very volatile due to RBI Announcement. Bank Nifty could swing up to 400 points going by the history. This could impact the overall market also.

Derivatives expiry is also this week which could add bouts of volatality.

Day trading is extremely tough in such a week. Being very close to the terminal , having only one open position at a time. Booking small and quick profits will be the key in such a week. Avoiding trading till Wednesday is adviced for new traders.

Wishing you a good trading day and a week !!

MyNSETradingDiary

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