Nifty will face resistance at 5630 and 5670. Support is placed at 5550 level
Intraday calls for Sep 06.
Intraday calls for Sep 06.
| Scrip | Action | Above | Below | T1 | T2 | SL |
| L&T* | 733 | 737 | 745 | 724 | ||
| ONGC | 272 | 274 | 276 | 270 | ||
| Maruti | 1315 | 1325 | 1335 | 1299 | ||
| Hero Motors | 1960 | 1978 | 1990 | 1935 | ||
| DLF | 141.5 | 143 | 144 | 136 | ||
| SBI | 1650 | 1660 | 1670 | 1620 | ||
| Tata Steel | 290 | 287 | 285 | 293 | ||
| Infosys | 2995 | 2980 | 2970 | 3021 | ||
| HCL Tech | 1011 | 1006 | 1000 | 1026 | ||
| Cipla | 417 | 415 | 412 | 421 | ||
| Bharti Airtel** | 299 | 297 | 295 | 281 | ||
| TCS | 1980 | 1970 | 1960 | 2020 |
*L&T 738-40 is a very high resistance for L&T, once crossed and sustained the stock can go to 760. Please note for positional trading.
**Bharti Airtel Fresh sell with SL at 298 if the stock moves below 294 for a target of 290.
Notes
1 Buy Above or Sell Below the levels given for a target T1 or T2 with SL
2 Do not enter if target is achieved already
3 Always trade in two lots and book 1 lot at T1
4 All levels above are in cash. Please trade accordinly in futures
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.
Subscribe for the posts in your favorite reader. Please click on the RSS button in the home page.
To get email updates, subscribe by clicking Subscribe via email.
Notes
1 Buy Above or Sell Below the levels given for a target T1 or T2 with SL
2 Do not enter if target is achieved already
3 Always trade in two lots and book 1 lot at T1
4 All levels above are in cash. Please trade accordinly in futures
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.
Subscribe for the posts in your favorite reader. Please click on the RSS button in the home page.
To get email updates, subscribe by clicking Subscribe via email.
1 comments:
Hey, thanks for the information. your posts are informative and useful.
Axis Bank
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