DLF oversold may correct further - 02nd May 2014 (Friday).

  • DLF is falling straight from 185 and now trading around 140
  • Technical indicator RSI indicates that stock is now oversold
  • DLF will be facing support around 135, 130 and 120 (trend line support).
  • Avoid making short selling around trend line support as shown above... stock may correct (move up)... close watch...

Bank Of Baroda Facing Strong Resistance - Stock May Correct - 02nd May 2014 (Friday).

  • BANK OF BARODA facing strong trend line resistance at current levels.
  • Stock also in overbought zone as RSI - Relative Strength Index has gone above 70.
  • Chart indicates Bank of Baroda may correct from current levels
  • If corrects then will have 1st Fibonacci Retracement support level around 760.

TATA Steel coming down from resistance - 30th April 2014 (Wednesday).

  • TATA STEEL coming down from resistance as shown above
  • Chart indicates TATA Steel is in its bullish correction mode.
  • Stock will face Fibonacci Retracement support around 395, 383.
  • And will face its 100 days moving average support around 388.
  • Close watch stock can correct up to that level.

Just Dial on the verge of breakout below 1167 - 30th April 2014 (Wednesday).

  • JUST DIAL is currently facing strong support at current levels around 1167.
  • As charts indicates stock also coming down from its 1st fibonacci retracement resistance.
  • And also trading below 100 days moving average.
  • Close watch all major indicators are showing weak signals in JUST DIAL.
  • If just dial starts trading below 1167 with volumes then we can see some weakness in stock
  • Just Dial will have next trend line support around 1080 ,953.
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DELTA CORP On Trend Line Support - 30th April 2014 (Wednesday).

  • Delta Corp is facing trend line support @ 93 and also below 100 days moving average.
  • Stock indicating it will favor bears (short sellers).
  • Close Watch we can see some selling intraday once stock starts trading below 93.
  • Next short term support for delta corp is around 87.
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Glenmark Pharma Bullish formation - 30th April 2014 (Wednesday).

  • GLENMARK PHARMA moving in a up channel and moving up from 50 days moving average as shown above.
  • Close watch stock will face trend line resistance around 605.
  • If starts trading above 605 then can see some intraday action. And will have next resistance around 612.


What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips