This is essential for an intraday trader to analyze first the price movements of their stock as well as close their position in the most profitable manner. Today The Intraday market has opened on a strong note. The Sensex is up 201.94 points at 20960.43, and the Nifty gains 52.15 points at 6223.60. About 480 shares have advanced, 133 shares declined, and 235 shares are unchanged.
Oil and gas, technology and banking stocks are lending
strong support to the Intraday market. Both ONGC and Infosys are up 3 percent each.
Reliance, Tata Motors and ICICI Bank are other gainers in the Sensex. As Day
Trading does not extend overnight to the next day, one must square off their
position as soon as a profitable opportunity arises.
The Indian rupee gained in early trade against
the dollar. The Indian rupee opened higher by 30 paise at 61.59 per dollar
against 61.89 Friday. The US dollar nurses broad losses early this morning
after surprisingly soft employment data raised doubts about how quickly the
Federal Reserve can scale back stimulus.From precious metals space, gold prices extended gains to a third session this morning to hit its highest in nearly a month after a surprisingly weak US jobs report stoked expectations that the federal reserve could temper the pace of its stimulus tapering. Meanwhile, Asian markets opened on a cautious note today.
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