Generating Stock Tips involves two major techniques. The first method is to analyze stocks using several factors. A reliable stock analysis will include the following: (1) Is it a company you know? If you are familiar with its products and services, you can trust it to make good products. Therefore, investing in such a company will most likely increase your profits.
Second, technical analysis can help you determine a trend’s strength. This technique can help you trade more effectively. During intraday trading, you should study a stock thoroughly. By analyzing the current and past trends, you can determine whether a stock is likely to increase or decrease. In addition to using technical analysis, you should also pay attention to corporate events such as mergers, acquisitions, bonus issues, stock splits, and dividend payments. All of these can affect the price of a stock.
In today’s session, the Nifty September future closed at 7779 with a loss of 201 points. It touched a high near 8139 and fell to a low around 7871, thus pointing towards a correction. In addition, there was a strong increase in the open interest in September at 8000 call options. This suggests a strong buying opportunity at lower levels.
