Intraday stock tips for 17-FEB-2010 :
1. SUZLON : BUY Above at Rs. 75 , Target- Rs 76, 77 Stop Loss- Rs. 74
2. SAIL : Risky BUY at Rs. 210-211 , Target - Rs.213, 215 Stop Loss- Rs. 208
Note: Please ignore above intraday tips in case given stocks are sharply UP or DOWN during start time for trading.
Disclaimer:
For Intraday Tips commentry, please visit www.rupeedreams.com
Wish you happy trading,
Jai ho.
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Do and Don't for Intraday trading :-
* If index is in positive from yesterday & the share you are holding is in minus then it should be cut & if intraday trend of index is in buy then one should buy a stock in which is in plus.
* If index is in minus then one should look to short stocks which are minus & not stocks which are in plus.
* It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously if a stock is strong today might not be strong tomorrow.
* If US Markets have gone up overnight, the markets here in all probability will open strong, so one should be quite careful when buying stocks as the general psychology of public is to buy when good news is there.
* Being a contrarians is very important while trading intraday.
* Stop loss is a must while trading intraday.
* Always trade în very liquid stocks i.e. which have very high volume because as entry & exit can be very fast in such stocks.
* Do paper trading before you actually start trading so that when you start making paper profits, then shift to actual trading.
* Keep your volume constant e.g.: îf you trade in five lots of nifty future then trade în five lots only. This position can be increased only when you are satisfied with your trading for a month. It shouldn't be that one day you buy five lots & next day you trade in ten lots and third day you get a loss & stop trading for two days.
* Fear & Greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension
For Intraday Tips commentry visit www.rupeedreams.com
Please post your comments (or) suggestions in the comment box at the end of this article.
Thank you,
If you have any queries please E-mail to kaliki.srikanth@gmail.com
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Disclaimer:
(Please take your own decision before investing or trading in stocks or take advise from your financial adviser. Trading in stock market is very risky. Please analyze yourself what is your risk profile. This blog is not an advisory service to buy or sell. The contents of “this blog” are only for educational purposes. )
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