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Domestic Stock Market Indices broke into a four-day gaining run on

May 11, 2021 11:59 AM

Domestic Stock Market Indices broke into a four-day gaining run on
Domestic Stock Market Indices broke into a four-day gaining run on, We reiterate what we mentioned in our report, "The Kick of Quick Bucks,".

The domestic stock market indices broke into a four-day gaining run on Tuesday morning session. The two major indices started with losses. At 9:20 am, the Sensex lost 437 points to close at 49,034. The Nifty traded down 141 points at 14,800. The rupee continued to trade at Rs 73.52 against the dollar.

U.S. markets closed negative on Monday. Asian markets, which have received signals from there, are moving cautiously. In addition, corona fears still haunt investors. Shares of key sectors are also losing ground. Fitch expects India’s growth rate to fall to 8.2 percent if the corona case boom continues.

Shares of almost all companies in the Sensex 30 list, except Wower Grid and Sun Pharma, are moving in losses. Tata Steel, IndusInd Bank, Kotak Mahindra Bank, HDFC Twin, ONGC and HUL were among the losers. There are also signs that investors are turning to profit-taking in the wake of four consecutive days of gains. In the wake of these developments today the indices are running at a loss.

Also Read: Sona Comstar for Public Issue; Rs 6,000 crore mobilization target!

Day trading in stocks is risky, more so if you are untrained. However, if you have an eye for spotting market trends, you can make a neat pile in quick intra-day deals. There was a time not long ago when trading was a simple game of buying and selling stocks based on one’s conviction.

Now, technical analysis- a science of predicting future prices from historical price data-has given investors new tools. “Technical analysis increases the probability of your call being right,” says Abhijit Paul, assistant vice president, technicals, BRICS Securities.

Domestic Stock Market Indices broke into a four-day gaining run on, We reiterate what we mentioned in our report, “The Kick of Quick Bucks,” in the October 2011 issue, though day trading looks easy, nobody can take the right call every time and there will be days when one loses money, at times a lot of it.

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Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy Click Here
Asian Paints 2577.00 Buy Click Here
HDFC 2448.00 Buy Click Here
HDFCAMC 2790.00 Buy Click Here
TCS 3120.00 Buy Click Here


NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
INFY
1,417.90
2.03
32,77,464
TECHM 1,053.80
1.88
16,05,542
BRITANNIA 3,606.00 1.79 3,03,919
TATACONSUM 711.50
1.65
23,85,952
HCLTECH 963.70 1.48 19,76,931
COMPANY LTP %CHNG VOLUME
HINDALCO
384.10
-2.76
74,44,638
JSWSTEEL 697.80 -2.51 37,24,317
TATASTEEL 1,106.65
-1.95
45,67,284
COALINDIA 153.80
-1.57
53,97,691
SBIN
425.65
-1.53 93,71,553