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Monday, July 14, 2008

Intraday trading strategy for 14-July-2008

Intraday trading strategy for 14-July-2008

It is expected market may go down sharply with political uncertainty and Middle-East political problem and high Crude oil prices to new levels.

In the gap down volatile market it is hard to give intraday tips for short sell or long trades due to stoploss prices can trigger easily before reaching targets.

Even though there are some stocks which can give intraday buying opportunities as below.


1. TATA POWER : Buy range 935 - 950, stop loss 925


2. Axis Bank : Buy range 630 - 645, stop loss 620


3. Grasim : Buy range 1665 - 1680, stop loss 1645


4. IDEA : Buy range 79 -81, stop loss 77


5. Dr Reddy : Buy range 630 - 638, stop loss 625


Note: Try to buy these stocks at lower level in the given buy range. Please track nifty movements whether nifty can sustain levels of 3950 . In case it breaks it will test 3925 level. So at that level one can trade on the above stocks safely . But intraday target should be 1 -2 percentage after ur buy rate. dont expect much. There will be intraday volatility.


Posted by: Srikanthbabu Kaliki
For any stock related queries please e-mail to sri_reddy_2006@yahoo.com

We are also providing short term tips on 2 or 3 stocks with monthly fee Rs. 210/- .
Interested persons can mail to sri_reddy_2006@yahoo.com

Wish you happy Investing and Trading




2 comments:

KnowYourProfit said...

This blog is nice and informative,good to know that the blog created by the webmaster is very helpfull to the visitors

Now on Saturday i.e 6th Dec'08 RBI has cut Repo rate by 100 BPS to 6.5%, due to this we can see some rebound in the Indian Stock Market,as this is one of the factors which will also decide the movement of Nifty in coming days along with different other factors,our advice for intraday traders is to trade light


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KnowYourProfit

Free Intraday Stock Tips said...

Really Nice Blog and Very Good predictions and Free Intraday Trading Tips.

I liked your blog and I would recommend it to my friends who do trading in Intraday Tips.

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