Bull market continued to keep positive stranglehold over Dalal Street on the first day of Budget week as well as benchmark indices ended at fresh record closing high after Economic Survey 2018. However, broader markets were caught in a bear trap as the Nifty Midcap lost nearly a percent. The 30-share BSE Sensex rallied 394 points intraday in run-up to the Budget 2018 before ending the day 232.81 points higher at 36,283.25. The 50-share NSE Nifty crossed 11,150 levels intraday, before closing up 60.70 points at 11,130.40.
Stocks to Watch for Tomorrow : 30th Jan
1) TVS MOTOR FUT
We recommended to invest in TVS MOTORS FUT
2) DCM SHRIRAM
We recommended invest in DCM SHRIRAM
Free Intraday Tips for Tomorrow : 30th Jan (Tuesday)
Buy TVS Motors Future in 723-725 for Target 729 – 737 & Stoploss 718
Buy DCM Shriram in 611-613 for Target 618-625 & Stoploss 604
The stock is at its resistance level and sustaining around higher level around its resistance level, MACD has also shown upward crossover.
We recommended traders to buy Syndicate Bank Future above 96 level and target of 98-101 may achieved with a stop loss of 93.80.
Stock is in bullish trend and consolidating around higher levels but Friday momentum and closing around higher levels is a positive sign for the stock and also MACD has also shown upward crossover and RSI is at 60.03 level.
We recommended traders to buy Pc Jeweller future above 386 level and target of 390-396 may achieved with a stop loss of 381.
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The stock is consolidating around higher levels from past 4 days and formed resistance level around 1800, MACD has also shown upward crossover and RSI is at 61.98 level
We recommended traders to buy SRF future above 1800 level and target of 1808-1820 may achieved with a stop loss of 1790
Stock is reversing from its support level 375 and also sustaining above it, MACD has also shown upward crossover and RSI is at 35.08 level
We recommended traders to buy INFRATEL future above 380 level and target of 383-386 may achieved with a stop loss of 376.00
The stock has given trend line breakout on daily chart and also RSI has given resistance level breakout and now at 57.48. MACD has also given upward movement crossover on daily chart and histogram is also shift to positive side
We recommended traders to buy Apollo Tyre above 247 level and target of 251-255 may achieved with a stop loss of 243.
Stock is reversing from its support level with formation of spinning top candlestick pattern on Monday at support level with high volume and confirmation of trend reversal has been done on Tuesday with stochastic oscillator has given upward movement crossover.
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The stock has formed a wedge patter on daily chart and it is showing recovery from lower levels. MACD is showing convergence and RSI is showing buy signal so 30 levels after recovering from over sold zone.
We recommended traders to buy STAR above 793 level and target of 810-845 may be achieved with a stop loss of 768.
The stock future is taking support of the trend line and sustaining above 130 levels above it. RSI has shown recovery from over sold zone and now above 30 levels. So we could expect recovery in the stock prices.
We recommended traders to buy FORTIS FUTURE above 131 level and target of 133-137 may be achieved with a stop loss of 128.