FAST MONEY: Looking for intraday trading tips? Track these five stocks
Intraday trading tips: US S&P500 mini futures rose 0.3 percent, but market holidays in the world’s two biggest financial centers — London and New York — could make trading slow and illiquid for the day.
The Sensex and Nifty are expected to open higher on Monday tracking positive trend in global markets after US stock futures rose on Monday on signs that the United States and North Korea are still working towards holding a summit next month, while crude oil prices extended losses.
At 8:40 am, SGX Nifty was trading at 10,649.50, up 10.50 or 0.10 per cent.
US S&P500 mini futures rose 0.3 percent, but market holidays in the world’s two biggest financial centers — London and New York — could make trading slow and illiquid for the day. Japan’s Nikkei gained 0.3 percent in early trade, while South Korea’s Kospi rose 0.5 percent, buoyed by stocks which are seen as benefiting from a further thawing in tensions with Pyongyang.
Here are key trading ideas for Monday's trade:
1. Buy INDIGO
Target: Rs 1250
Stoploss: Rs 1200
Short-covering in stock in the previous session
Crude prices slipped 3 per cent globally; to benefit the airline form
2. Buy DLF
Target: Rs 210
Stoploss: Rs 200
The stock settled above Rs 200 level
3. BUY TIMKEN
Target: Rs 725
Stoploss: Rs 695
The stock ended above all moving averages
Breakout possible above Rs 700 level
4. Buy Powergrid
Target: Rs 220
Stoploss: Rs 210
Cash delivery more than 80%
Fresh buying in stock in futures trade
5. BUY SAINT Gobain
Target: Rs 72
Stoploss: Rs 70
The company may report five-fold jump in net profit in Q4
Announcement to be made soon to inaugurate new plant
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)