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INTRADAY STOCK TIPS FOR 8 OCTOBER

07 October 2010 11:46 PM

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Stock Intraday Tips for 8 October

SCRIB ACTION TRIGGER PRICE STOP LOSS TARGET 1 TARGET 2

BIOCON BUY AT 402 390 407 412.50

UFLEX BUY AT 221 213 225.45 229.30

APOLLOHOSP BUY AT 516 494 527.80 540

JINDALPOLY BUY AT 1061 1042.65 1084 1103

HINDDORROL BUY AT 139.60 133.40 143.70 149.90

AREVAT&D BUY AT 321.20 315.60 326 330

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Experts Voice

CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com

Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com

Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."

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Intraday Tips / Positional For Today

Stock Recommendation for Monday 24 September 12

> Buy SBI target of 2450.

> Buy UltraTech Cement targets - 2000.

> Provogue Buy Target of - 16.50 stoploss of 19.50.

Helpful for Intraday Trading

Learn to Book profit and control your greed always to a reasonable level. Be Happy every day with moderate profit then Stock and Commodity Market as well as god will help you always. Just remember, Wealth can not be created in short period of Time, rather it should be accumulated slowly.

It is very important to watch Market at first after opening bell and take position only after stability. Especially if Market opens in much gap up. in that case it may possible that Market will go for an immediate correction after that, So first half an hour after opening bell is very important. Try to book profit at first on your recently purchased or sale stocks which you are still holding. just go for delivery based Intraday Trading, Which will keep you and your hard earned money in safe and secured state.

Try to book profit on your earlier holding stocks in the first available opportunity. Take minimum fresh position in the opening bell and wait for the Market stability.

Advice to Traders and Investors

Dear Investors and Traders book you profit at 1^st target and if the 1^st target goes ahead, then again enter in Market to trend with Stoploss above the 1^st Target level and then you can apply the same procedure as above target.

Stock / Share Market Trend

Good NEWS will start coming year's second half. If the FII investment in the curves so the Stock / Share Market Trend has potential to fall. By the end of the year is the Sensex will the level of 20,000.

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