Nifty Outlook and Stocks to trade on Sep 4

Hi Readers

We had a profitable day yesterday with 6/6 calls success. For Sep 4rd, markets is likely to be volatile with selling coming in at rise.

Nifty is likely to face resistance at 5420 and 5450. Support is placed at 5250. Better not to get into any long trades today.

Intraday calls for Sep 4

Scrip	Action	Above	Below	T1	T2	SL
Tata Steel	Sell		279	277	274	284
DLF	Sell		126	124	122	130.5
Reliance	Sell		828	823	815	835
Bajaj Auto	Sell		1818	1808	1790	1850
SBI	Sell		1450	1440	1420	1480
L&T	Sell		690	684	678	700
Cipla	Sell		405	400	396	410
Ranbaxy	Sell		405	400	396	410
Tata Motors	Sell		295	293	291	300
Axis Bank	Sell		770	765	761	778
BHEL	Sell		118	117	116	121

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.

Real Trades Update

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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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Posted in: Intraday