Top 2 ‘Intraday’ Stock Picks for Expiry Day Trade-31st Jan No ratings yet.

Intraday Tips

Intraday Tips
(1) Bajaj Auto
:

The stock has been under a strong selling pressure since last 2-3 sessions and the downtrend initiated may continue in next session as well. A strong rollover data of 31.62% along with a dip in the underlying price shows more shorters in queue, which may again put pressure on the stock. The immediate support for the stock stands at 2484.70, below which fresh shorts may be initiated.

Trade Date- 31/01/2019

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
SELL <2484.70 2500 2472 2458

(2) Bajaj Finance:

The stock has recently showed up a strong pull back from a minor retracement phase. A zoomed in look at the Hourly Intraday time frame shows a Double Bottom pattern which indicates at the bullish bias of the stock. The base of the pattern rests at 2425/- levels. The immediate resistance for the stock stands at 2606/- above which fresh longs may be initiated.

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >2606 2593 2625 2640

*All levels mentioned are of cash segment.

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Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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