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

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Wish you happy Investing and Trading

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