Nifty Tips
HOW TO TRADE WHEN MARKET OPENS GAP UP OR DOWN & REMAIN RANGEBOUND DURING TRADING DAY
During last few trading session a new trend has emerged. Market opens with gap up or down taking cues from US markets and SGX nifty and spend the whole trading day in a tight range. Long trading hours in a range-bound market makes the life of small investors very difficult and unprofitable. After the increased volume in their trading account they end up paying only brokerages and losses. This type of phenomena will remain for some time as per the technical charts of DOW, S&P, and NIFTY & SENSEX.
The profitable way to trade in such market is to try our time tested HIT and RUN trading strategy. This means catch a running train and depart before the last station. We are doing this successfully in last few sessions in stocks like Shiv vani oil, HMT, Karnataka bank and so on.
Since market will be range bound in next few trading session be stock specific in your trading. To be in safer side avoid keeping overnight positions
Intraday Stock Tips For Today :-
Adani Power can be good intraday pick for today, we recommend
SELL ADANI POWER FUT 50.40 SL 51.50 TGT 47.
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