Markets Close Huge Up,Intra Day Trading Tips For July 31

31 Jul

Posted by Shyam as IntraDay Calls

The Indian markets recovered a some of the losses it made in previous trading session yesterday when the sensex gained 496 points to close at 14,287 levels up by over 3.59% and nifty closed at 4,313 levels up by over 2.87%. On a over basis the market breadth was positive and most of the sectors did well. It was mainly led by good global cues and the US markets position.

After the RBIs rate hike decision, some of the rate sensitive stocks came under pressure like realty,auto and banking stocks. But then after such falls there is always some buying opportunity. Meanwhile the US markets also closed well yesterday with Dow and Nasdaq gaining 1.63% and 0.44% respectively. The Asian markets are trading mixed with Nikkei-225 currently down marginally and Hang seng almost flat. So we can expect a mixed session today and the markets may move both ways.

Some of the intra day trading tips given out here yesterday did extremely well with Punj Lloyd being the best which gained a good 12% intra day and other too did very well. So some intra day tips for today include: India Bulls Financial services(cmp 291),Wipro(cmp 422),Satyam computers(cmp 380), Punj Lloyd(cmp 271),India Bulls Real Estate(cmp 300), Ranbaxy(cmp 493), Tata communication(cmp 443),Reliance Power(cmp 163).