NSE Intraday Tips Today 6 Feb

Intraday NSE Stock Tips And Hot Stock Market News For Today 6 February:- Indian stock markets to start trade today on firm note with the support from positive global cues. US and European markets closed higher on the last trading week. Asian markets are trading in green at this hour of trade. In the spot market, the Dollar Index increased 0.23% to 79.13.

Intraday Stock Tips For Today And Hot Stocks: Piramal Health, Assam Company, Syndicate Bank, Dr, Reddy's lab, Kingfisher Airlines, Llyod Steel, Patni, NMDC, NTPC, Himadri Chemicals, Bhushan Steel, RIL, Coal India, Tata Steel, GVK Power.

1) NTPC : Buy above-178 Target1-180 Target2-181 Stop Loss-176.8

2) Polaris Software : Buy above-148.50 Target1-150.50 Target2-151.5 Stop Loss-147.5

3) Jindal Steel & Power : Sell below-557 Target1-547 Target2-542 Stop loss-562.1

4) Voltas : Sell below-92.80 Target1-90.80 Target2-89.8 Stop Loss-93.8

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Nifty Range>Trading Strategies For Monday 6 Feb

Stock Market Prediction And Nifty Outlook: Tips Trend Range Levels Target For Tomorrow 6 February:- Indian stock markets are trading higher about 10% for the month and it is outperforming the developed market indices by a wide margin.

Reasons For Market Growth This Week:

1) The strong rally was seen due to the revival in FII flows. 

2) The softening of WPI inflation. 

3) The RBI cutting the CRR. 

Factors That May Affect NSE BSE Next Week:- There are few events that could be crucial in giving further direction to the market.

1) In global markets, the developments in Europe.

2) The geo-political developments related to Iran. 

3) In India, assembly election results will be declared in March 

4) And also the coming Union Budget.

Nifty Range :Outlook for Nifty is strong as it is trading above the mark of 5,194. Going forward it may test the next resistance at 5,355 moving above it could test 5,384 while the support is seen near 5,275 and 5,226.

Trading Strategies For Next Week: Investors should be cautious as the Nifty volatility has started to move up from the lower levels.

Also Read: Intraday Trading Strategies