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Intraday Tips For Monday 18 July 2011

My Dear visitor’s today on 15th July, the equity benchmark Spot Nifty had a sharp fall in the opening bell and ultimately failed to cross the Psychological Resistance of 5600 mark and closed 18 Points lower at 5581 due to lack of major positive triggers. The main reason seems to be that Market to be in a weekend mode for your information due to the Global uncertainty, most of the prudent investors does not like to hold any Stocks on Friday. Also European uncertainties are the main concern and also their stress test results are  due today, that’s why Indian Market Traded in quiet range bound session for the day with a disappointing close for the week. Don’t expect any fantastic consistent up move till September. 2011, and till then Market will remain in a range bound state with usual abrupt volatility.
Intraday Stock Tips For Monday 18 July 2011

 1.  SKSMICRO (SKS Microfinance Ltd. )  -: High beta Stock, so be careful. Very good for Intraday, but don’t try to hold the Stock – BUY AT 524.10, Strict SL At 500 First Stop Loss and 492 2nd Stop Loss, for An Intraday Target of  534-544-555 Strong Resistance - 571-576 Book your profit as quick as possible.

 2.  ALPHAGEO (Alpha Geo (India) Ltd.) -: Buy at 150.60, Strict SL at 142.50 first SL and 138 2nd SL , for an Intraday Target of 152-153.80 Strong Resistance -161-165.60-167 Above 168, It may reach up to 180 , Depending on Market situation.

 3. GITANJALI (Gitanjali Gems Ltd.) -: Buy at 304.50, Strict SL at 299.15, Intraday Target 307-308.50 Strong Resistance - 311-313-318-320.

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Intraday Tips Updated at: 1:20 AM
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