Stock Trading Tips & Market News – 08 July 2010
Stock Market Pre-Opeping Outlook: As per my review, Yesterday nifty opened with RED biased nature and was trading exactly near my target level of 5250-5265 range. But after EU opened up in RED zone that forced indian market to trade on deep RED levels and which dragged nifty below 5240 levels. But in end nifty closed at 5241 levels and nifty future for july closed with 7 points premium at 5247. Remember: For donation paying friends, I have intiated Nifty Buy call at 5260 and 5240 levels with 5203 as stop loss and target is 5310 and 5350. Exactly that will happen today. I am expecting nifty to open gap up 55-60 points near to 5300 mark. It may touch my first target 5310 on opening bell only. As the day will pass on Nifty will try to achieve 5350 mark on a intraday basis. Major support will be from IT and Metal pack. Bank will be also in positive but could not have much gain as metal and IT. Final Target for Nifty is 5393
- Nifty Range: Above 5265 Resistance 5310, 5340, 5357 Support 5220,5203, 5180
- Stocks to watch: Yesterday’s BTST (Ramco System, Ahmed Forging, Plastiblends and Ind Swift Lab), Zee Entertainments, Karuturi Global, Pfizer, Godrej Properties, Reliance Mediaworks
- Sector to watch: Power & IT Sector (GIPCL, Infotech Enterprise, Polaris & Rolta)
- Remember my trading basket: Finance Basket
2 Comments on “Stock Trading Tips & Market News – 08 July 2010”
- As mentioned you, Nifty opened with good gap up and had achieved my first target of 5310 in first half an hour trade.
- All BTST targets achieved
- Stock to watch: Zee Enter, Pfizer up, Reliance mediaworks
- Karuturi is up 5% and Godrej Property made high of 664 which is 5% up,
@Guru: Really amazing cal on nifty and main thing is call was given when nift closed 40-50 points down. Your target achieved of 5350. I’ve made 100 points profit in nifty and 45 points for yesterday call. Will deposit your profit share today. Hope to see more calls like this.