Thursday 6 July 2017

Today's Stock Market Updates for Intraday Trading

"Jain Irrigation had a good breakout on intraday charts with some positive crossover. So I would buy that with a stop of Rs 104, look for target of Rs 114. Chambal Fertilisersand good part of the fertiliser pack was active yesterday. That had a swing breakout, so I would buy Chambal with a stop at Rs 130.50 for target of Rs 150."

"ICICI Bank is something which I am observing very closely, the intraday charts have turned positive but the stock price needs to get past the pivot levels of Rs 294, so buy at about Rs 294.50 then keep a stop at Rs 289 and look for a target of around Rs 308. Raymond was clearly a stock, which is buzzing yesterday, good pricing volume action, swing breakout, that is a buy with a stop at Rs 789 for target of Rs 875,
Amongst the metal names, we have been having positive calls on JSW Steel earlier. Now Steel Authority of India (SAIL) has given some reversal. So, that is a buy with a stop at Rs 58.40 and look for a mild rally to about Rs 62.50.
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