Post Descriptions

Stock Cash Tips:11th April(Thursday)

Published April 10, 2019 Total Comments : 0
Cash Tips

THE DOUBLE WHAMMY OF CONCERNS OVER SOFTENING GLOBAL GROWTH AND THE FEAR OF US-EU TRADE WAR AFTER THE US PRESIDENT DONALD TRUMP THREATENED ON TUESDAY TO IMPOSE TARIFFS ON $11 BILLION WORTH OF EU PRODUCTS, WEIGHED ON INVESTOR SENTIMENT ON WEDNESDAY. THE S&P BSE SENSEX LOST 354 POINTS OR 0.91 PER CENT TO SETTLE AT 38,585, WITH BHARTI AIRTEL (DOWN NEARLY 4 PER CENT) BEING THE BIGGEST LOSER AND TATA MOTORS (UP AROUND 5 PER CENT) THE TOP GAINER. HDFC DUO, TCS, INFOSYS AND RIL CONTRIBUTED THE MOST THE INDEX’S FALL. MARKET BREADTH WAS IN FAVOUR OF DECLINES AS OUT OF 2,711 COMPANIES TRADED ON BSE, 1,392 SCRIPS DECLINED AND 1,144 ADVANCED WHILE 175 SECURITIES REMAINED UNCHANGED.

 

Nifty Recommendations

During the day nifty has traded on a negative note and close at 11584. On a daily chart nifty is looking to take some more downside in coming days as stochastic has also given sell signal as we can see on the charts. Nifty is likely to test 11400 level.
Intraday resistance for nifty would be 11652 and 11720 and support is 11543 11520.

Our recommendation is to sell Nifty below support and hold it for a level of 11400.

Stock Cash Tips

BUY PVR ABOVE 1700 TG 1720/1740 SL 1780

BUY UJJIVAN ABOVE 339 TG 345/351 SL 332

BUY UJJIVAN FUTURE ABOVE 340 TG 343/346 SL 336.50

For More Intraday Tips, Call us @ 8889900744 Or REGISTER HERE

Leave a Reply

Your email address will not be published. Required fields are marked *