10 Best Intraday stocks to buy-sell for tomorrow - Day trading guide for 8th November
Day Trading Guide for Monday 8th November
While processing beginning responses to the FOMC result and keeping in mind that venturing into another Samvat, the Indian business sectors finished the short Mahurat Exchanging Meeting with an optimistic outlook. The meeting remained generally in accordance with what ordinarily such emblematic and token meetings are intended to be. The Nifty opened higher, exchanged a reach, and to a great extent kept up with every one of its benefits all through the short meeting. Absent a lot of instability, the business sectors kept on seeing purchasing in select pockets. The feature file finished the Mahurat meeting with a net addition of 87.60 focuses (+0.49%). The market broadness stayed positive and stable all through the previous trading session.
Further, on a more significant note, the business sectors have responded emphatically to tightening of security buys absent a lot of fits of rage, in accordance with the worldwide business sectors. The Indian business sectors will open on Monday with a hole of occasions and will acclimate to worldwide market exchange arrangement which is steady to positive. As far as we might be concerned, going on, it will keep on excess essential to watch Nifty's value activity opposite the degrees of 18000. For the specialized pullback to proceed, it will be significant for the Nifty to move beyond this point and furthermore keep its head over 18,000 levels.
Unpredictability diminished and India VIX fell off by 2.34% to 15.7475. Monday is probably going to see the degrees of 18,000 and 18,090 going about as potential obstruction focuses. The backings come in at 17850 and 17810 levels. The Overall Strength Record (RSI) on the every day outline is 50.82; it is nonpartisan and doesn't show any dissimilarity against the cost. The day by day MACD is negative and stays beneath the sign line.
It is ill-advised to examine the candles; any short meeting will have more modest candles and perusing their arrangements without this viewpoint might prompt wrong understandings. Thus, candles, in any short meetings like this, are best overlooked.
All things considered, the Nifty has high prospects of creeping higher; through the new specialized pullback, it has set up the 50-DMA as a significant help on an end premise. The 50-DMA remains at 17673. With midcaps moving inside the main quadrant of the General Revolution Chart (RRG), there are more noteworthy possibilities of the more extensive business sectors beginning to moderately beat the bleeding edge Nifty. Regardless, it would be of fundamental significance to remain with the right stocks; right stocks would mean the ones with either better or possibly working on Relative Strength against the more extensive business sectors. We can anticipate stocks from auto, midcaps, monetary administrations, PSE and pharma beat on a specific premise.
Indian Stock Market Latest Update
Today's Live Global Market Update
FII/FPI & DII trading activity on NSE, BSE and MSEI
|
FII/DII Trading
Activity in '₹' Crores |
||||
|
Category |
Date |
Buy Value |
Sell Value |
Net Value |
|
FII/FPI |
04-Nov-2021 |
42.52 |
370.63 |
-328.113 |
|
DII |
04-Nov-2021 |
55.67 |
17.42 |
38.25 |
Intraday Stocks for 08-Nov-2021
EICHERMOT | ||
| TARGETS 🎯 | BUY ▲ | SELL ▼ |
| PRICE | 2665 | 2652 |
| TARGET 1 | 2675 | 2641 |
| TARGET 2 | 2687 | 2629 |
| TARGET 3 | 2700 | 2617 |
| TARGET 4 | 2713 | 2604 |
| TARGET 5 | 2737 | 2580 |
| STOPLOSS | 2660 | 2657 |
DRREDDY | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 4778 | 4761 |
TARGET 1 | 4792 | 4747 |
TARGET 2 | 4808 | 4730 |
TARGET 3 | 4825 | 4713 |
TARGET 4 | 4843 | 4696 |
TARGET 5 | 4871 | 4668 |
STOPLOSS | 4772 | 4767 |
BAJAJ-AUTO | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 3766 | 3751 |
TARGET 1 | 3779 | 3739 |
TARGET 2 | 3793 | 3724 |
TARGET 3 | 3809 | 3709 |
TARGET 4 | 3824 | 3694 |
TARGET 5 | 3851 | 3668 |
STOPLOSS | 3761 | 3756 |
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 1332 | 1323 |
TARGET 1 | 1339 | 1315 |
TARGET 2 | 1347 | 1307 |
TARGET 3 | 1357 | 1298 |
TARGET 4 | 1370 | 1289 |
TARGET 5 | 1368 | 1280 |
STOPLOSS | 1329 | 1326 |
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 7525 | 7503 |
TARGET 1 | 7542 | 7486 |
TARGET 2 | 7563 | 7466 |
TARGET 3 | 7584 | 7444 |
TARGET 4 | 7606 | 2604 |
TARGET 5 | 7639 | 2580 |
STOPLOSS | 7518 | 7510 |
HINDALCO | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 473 | 467 |
TARGET 1 | 477 | 463 |
TARGET 2 | 481 | 459 |
TARGET 3 | 487 | 453 |
TARGET 4 | 492 | 448 |
TARGET 5 | 508 | 432 |
STOPLOSS | 470.50 | 469.50 |
NAUKRI | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 6123 | 6105 |
TARGET 1 | 6138 | 6088 |
TARGET 2 | 6157 | 6069 |
TARGET 3 | 6176 | 6050 |
TARGET 4 | 6196 | 6030 |
TARGET 5 | 6227 | 5893 |
STOPLOSS | 6117 | 6111 |
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 3782 | 3766 |
TARGET 1 | 3794 | 3754 |
TARGET 2 | 3809 | 3740 |
TARGET 3 | 3824 | 3724 |
TARGET 4 | 3840 | 3709 |
TARGET 5 | 3866 | 3683 |
STOPLOSS | 3777 | 3771 |
PIDILITIND | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 2413 | 2401 |
TARGET 1 | 2423 | 2390 |
TARGET 2 | 2434 | 2379 |
TARGET 3 | 2447 | 2367 |
TARGET 4 | 2459 | 2355 |
TARGET 5 | 2482 | 2332 |
STOPLOSS | 2409 | 2405 |
TITAN | ||
TARGETS 🎯 | BUY ▲ | SELL ▼ |
PRICE | 2437 | 2425 |
TARGET 1 | 2448 | 2415 |
TARGET 2 | 2459 | 2404 |
TARGET 3 | 2471 | 2391 |
TARGET 4 | 2484 | 2379 |
TARGET 5 | 2496 | 2367 |
STOPLOSS | 2433 | 2429 |
How to Trail your Stoploss?
This is a secret part for a Professional trader to book Partial Profits frequently or Trailing Stop loss Profits. The Best Part of this Strategy is that it will always end up with Consistent Profits rather than taking a big loss.
👍Let's Understand this Concept with an example :-
✔️Suppose One of our above trade is activated @42 where Target 1 - @ 45 , Target 2 - @ 47 , Target 3 - @49, Target 4 - @51 & Stoploss - @ 39 However if the First target reaches Target 1- @45 Book 50% Profit of your Quantity Example:- Out of 100 book 50 Quantity as at the Moment Profits and Rest 50 Quantity trail to just below the Target 1, Around @43.
and you can also book 75 Quantity or You can book full if your Quantity Amount is too big. It actually depends on your Greed /Patience Power. In second scenario if Buy/sell price jumps then you can also take that trade & best part of it is that target and Stop loss will be same ! Avoid Big Gap Up/Down (like 1%) Opening if its Near Target 1 for buy/sell side. Suppose If It's a Big Gap Up opening then wait for the Sell Side Trade! Same goes for the Gap Down Opening then wait for the Buy Side Trade!
Precautions For Intraday
✔️After taking any positions from the given trade above always Trail your Stoploss to cost if it moves to the direction of the buy/sell target so trail your Stoploss to cost . What will be the price if you don't know how to trail? Then here is an example suppose I gave a buy position to buy a stock @503 and stoploss @501 if it moves upward above @505 or the difference between the buying price and the stoploss price just substract it like (503-501= 2) so now your trailing stoploss came to your buying price likewise If it moves of 2 points Upwards Trail your stoploss just below 2 Points & exactly same goes for the Sell Side.
✔️ However if Your Stop loss got Hit after taking a particular stock's trade then take the next trade on or after 9:30am Still Missed the Opportunity then Take the Position After 12:15pm
✔️Always Check Market Depth for Buying & Selling Quantity for better knowledge & it will also help you if their is any institutional traps or operator traps !! For example If one of our trade activated on buy side but market depth is showing selling pressure with high quantity for selling so simply it's a trap and wait for Sell side entry.
✔️ Stock Market always demands a sacrifice & here sacrifice means money, it also takes Time, Efforts, Patience, Study, Hard Work & Knowledge to make sure the Worthiest One can take profit & Remaining the rest is your luck.
Let's Discuss about 08-Nov-2021 Intraday Performance:
ReplyDelete1. EICHERMOT : Gap-up Opening Trade not Activated❌
2. DRREDDY : Buy Side Above Target 2 @4808 & Sell Side Below Target 3 @4713 Achieved ✔️ and turned into a 🌟BONUS TRADE🌟.
3. BAJAJ-AUTO : Side ways movement on Sell side ❌
4. TATASTEEL : Sell Side Target 2 @1307 & Buy Side Target 2 @1347 Achieved ✔️ and turned into a 🌟BONUS TRADE🌟.
5. BAJFINANCE : Sell side Target 1 @7486 & Buy Side Above Target 5 @7639 (With extra 74 Points) Achieved ✔️ and turned into a 🌟BONUS TRADE🌟.
6. HINDALCO : Sell Side Target 2 @459 Achieved ✔️
7. NAUKRI : Sell Side below Target 2 @6069 Achieved ✔️
8. JUBLFOOD : Sell side Stoploss Hit & Buy Side above Target 5 @3866 (With extra 43 points) Achieved ✔️ and turned into a 🌟BONUS TRADE🌟.
9. PIDILITIND : Sell side below Target 3 @2367 Achieved ✔️
10. TITAN : Buy side Above Target 5 @2496 (With extra 52 points) Achieved ✔️ and turned into a 🌟BONUS TRADE🌟.