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Tuesday, 3 September 2013

Nifty Outlook and Stocks to trade on Sep 3

Hi Readers

We had a profitable day today with 4/4 calls success. For Sep 3rd, markets is likely to be slightly volatile on mixed news flows.

Nifty is likely to face resistance at 5580 and 5620. Support is placed at 5530. Avoid intraday longs below 5520. Nifty will be highly bullish above 5620.


Intraday Calls for Sep 3
Scrip Action Above Below T1 T2 SL
Tata Steel Buy 291.5 294 298 284
Maruti Buy 1310 1320 1330 1290
Axis Bank Buy 875 880 885 865
Reliance  Buy 890 895 900 881
ICICI Buy 833 837 842 826.9
BHEL Buy 121 122 123 119
Cipla Sell 413 409 405 419
Infosys Sell 3080 3070 3060 3095
L&T Sell 724 719 715 730
SBI Sell 1520 1510 1500 1542
Tata Motors Sell 297 295 293 303

Please take positions only after  9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created.

Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade.

All the views and contents mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use of any content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome.

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