Stock Intraday Tips For Today: 13th March

Intraday Tips For 13 March, Stock Tips for 13th March

• Larsen & Toubro: Intraday buy @ 1745 with Stop loss at 1725 and target at 1764-1779
• Reliance: Intraday buy @ 862 with Stop loss at 857 and target at 867-870. It can also test strict intraday sale @ 870-73 with Stoploss at 878 and target at 866-865
• SBI: Strict Intraday buy @ 285 with Stop loss at 283 and target at 289-291

Market Commentry

Benchmark indices have erased early gains and are trading in a negative zone weighed down by auto, IT and select bank shares. By 10:30, the Sensex was lower by 104 points at 28,827 and the Nifty slipped 37 points at 8,740.

Then again, BSE Midcap and Smallcap records are exchanging possibly in positive zone. Market expansiveness in BSE has turned possibly negative with 1,047 decreases against 1,017 advances.

Larger amount profit booking can be normal by twelve. Later in the second half further purchasing can proceed. For the Sensex resistance is seen at 28,980 over 29,119 and that's just the beginning. Backing is at 28,877 beneath 28,829, 28,818 and 28,791. If there should arise an occurrence of the Nifty resistance is seen at 8790 over 8,819 and more while backing is at 8759 beneath 8,744 and 8,700," Geojit BNP Paribas Financial Services said in a specialized note.