Nifty future has lowest margin requirement in future segment for intraday trading. Positional trading requires margin of Rs.155,000, whereas nifty future intraday trading requires margin of just Rs.80,000. This is major reason nifty future is widely chosen as a trading instrument with high liquidity and volumes. Many stock brokers allows trading margin even less than Rs.25,000 for intraday ... [Continue Reading]
Short SBIN for Intraday Trading: Sell State Bank Of India Near 1900 Target 1870
Intraday trading setup found on state bank of India SBIN charts, Stock has been facing resistance near 1900 level which is 61.8% Fibonacci retracement level. Also another confirmations for this short position is Bank Nifty is also trading near resistance of 9200 level, even there we may see correction of about 300 points. Today Nifty future is trading at psychological level of 5000, some profit ... [Continue Reading]
Intraday Stock For 9 March 2011: Buy Kotak Bank (KOTAKBANK) At 433, Target 443.3
Stock for intraday trading: Buy Kotak Bank KOTAKBANK @ 433 for target: 438.4 and 443.3, place protective stop loss at 429. We see good buying coming in this stock as it is already trading up more than 2%, and is more likely to be bullish today, This is also trading with good volumes. Technical indicators are confirming the bullishness in KOTAKBANK stock. ... [Continue Reading]
Intraday Stock For 11 Feb 2011: BUY IDFC At 131.6, Target 135
Stock for intraday trading on 11 February 2011: BUY IDFC @ 131.6 for target: 133.5 and 135, place protective stop loss at 130.55. We see strong buying supporting this stock, currently this stock is trading up 5% and likely to be bullish today. Technical indicators are confirming the bullishness in IDFC stock. ... [Continue Reading]
Intraday Stock: BUY RENUKA At 85, Target 87.1
Stock for intraday trading: BUY RENUKA @ 85 for target: 86.05 and 87.1, place protective stop loss at 84.3. We see good buying support in this counter and likely to be bullish today. RSI signals the stock has been in oversold zone and is likely to be bullish in coming days. NOTE: The stock recommended above is for intraday trading only and these positions should be closed at the end of the day. ... [Continue Reading]