Top 3 ‘Intraday’ Sectoral Stock Picks for 4th December No ratings yet.

Nifty Trading tips

(1) Maruti Suzuki:

Maruti is looking strong in short term as well as in Intraday time frame. The stock is trading above its 10 EMA in hourly charts and display a strong uptrend. Momentum oscillators also signal a buy signal. The immediate resistance for the stock stands at 7800 above which the stock may be bought for intraday targets mentioned below.

Trade Date- 4/12/2018

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >7800 7775 7830 7880

(2) Yes Bank:

The stock has formed a Bullish Candlestick Pattern, Three White Soldiers on daily charts, which hints at a probable up move. A zoomed in look at the 60 minute chart display a strong uptrend wherein the  stock is already above its 10 and 5 EMA. Fresh longs may be initiated above the immediate resistance of 179.65/- for targets mentioned below.

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >179.65 178 182 184

 

(3) Jubilant Foodworks:

Intraday 30 minutes charts of Jubilant display a strong volume breakout and a strong spurt in demand, which may continue in next session. The immediate resistance for the stock stands at 1340. Fresh longs may be initiated in this counter above this level for Intraday targets mentioned below.

Intraday levels for the stock-

Action
Trigger Price
Stop Loss
Target 1
Target 2
BUY >1340 1329 1350 1362

*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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