After a bleeding week and a red Monday, the market showed its strength and the indices jumped almost 1.5% on Tuesday. The market covered its previous week losses and clocked close to 10900 marks. At the time of writing on Wednesday market was trading positively. It is crucial for Nifty to hold this mark and pass well beyond 11,050 to call it a bull phase. The top gainers for the Monday were Banking sector, FMCG sector, and Oil Industry stocks. Shyam Advisory made a post regarding stocks tips for the next 8-9 months and most of our handpicked share market tips gained significantly in the day.
In the light of strong gains made on Tuesday, and with the support of technical analysis, we have brought top 3 technical pics for trading. Here are our top Intraday Tips for 17th January 2018.
1. Buy Infosys: Our first share market tips for Thursday is to buy Infosys, Infosys has seen sharp jump post its Q3 number release last week. The counter emerged as one of the biggest gainers on Monday and has gained on Tuesday. It rose close to 3.5%. The share is likely to hold its momentum in coming sessions as well.
Buy at 730 Target 745(2% gain) Stoploss: 720
2. Short Jet Airways: Jet gained heavily because of its resolution plan but has not been able to sustain its momentum. On monthly charts, its MACD went below its baseline, CCI is turning negative and awesome oscillator turned red as well. CCI indicator shows a negative market interest. The counter is expected to fall more in the coming trading session.
CMP 277 Target: 260 Stoploss 285
3. Buy Colpal: The stock has gained nearly 2.5% in the last two trading sessions. On a monthly chart, Colpal is trading near its upper Bollinger band, with a strong RSI and CCI support. The MACD indicator is also showing positive trend. The stock has strong volume support to hold its present momentum.
Buy at 1330 Target: 1360, Stoploss 1315.
We post regular Commodity Tips, MCX Tips, Currency Tips, and Crude Oil Tips. A piece of important advice for investors and trader is to always keep strict stop losses in place to minimize their credit loss. The stock market can be rewarding as well as challenging too. Most of our Stock Option tips are analyzed technically but the market is infamous for unpredictability. Traders are advised to practice caution and discretion. Keep investing, keep winning.