Intraday Stock Cash Tips by CapitalHeight

Intraday Stock Cash Tips

• SELL TATA ELEXI(LCP-1769.1) BELOW 1765 TG-1755-1745
• SELL TATA SPONGE(LCP 447.4) BELOW 445 TG-441-436
• SELL WOCKHARD (LCP-1259.9) BELOW 1255 TG-1247-1237
• SELL  SRF (LCP 1105.35) BELOW 1102 TG-1095-1085

Market Update

The Indian equity market is expected to open in the red today with the SGX Nifty, an indicator of the market opening, trading at 7624.50, down 33.50 points at 7:40. The market saw its highest weekly loss in nearly four years with the Nifty and Sensex losing more than 4 percent last week. The Bank Nifty was down over 20 percent from its all-time high.

• Indian markets ended on bearish note. Nifty and Sensex up by 2.15% and 2.18%.
• Asia Pacific mkt. mixed. Nikkei & KOSPI down by 2.19% and 1.56% respectively.
• Wall St. Flat.USD ISM Manufacturing PMI down to 52.7.Dow fut. up by 192 pts.

Indian broad indices showed downside movement and closed on negative note. On sectorial front PSU Bank, PSE and Metal were down while indiavix sector was up by 9.57%. Sensex was down by 562 points at 25201 & Nifty declined by 167 points to settle at 7655 level. European markets traded downside.
The big daddy’s of the market, foreign portfolio investors, or FPIs, are running risky derivatives trades on Nifty which indicate markets could plummet further in the near term. Their money is riding on two possibilities: At one end the market could hit a low of 7200; and on the other, could climb to as much as 8200 in the near term, analysts say, citing data.
In the first leg, the trades involve selling Nifty call options on the premise markets won't rise. In the second leg, FIIs use..

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