Tuesday, July 30, 2013

Nifty-Banknify Intraday trading levels.

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If you want intraday trading levels, delivery levels for the stock you are trading, you can drop the scrip name in the comment box. I will provide the levels for those scrips.

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Nifty Intraday levels Wednesday.

Global cues will lead the market on Wednesday. On Tuesday Nifty closed below the major support 5760 levels. I expected huge selling will set in at this levels and was surprised to see Nifty trading normally. Past four trading sessions it had lost 250 odd points this may be the reason there was no sharp decline.
Fed meet news will be watched for Wednesday trade. Technically, in my perspective, for past five trading sessions Nifty had lost 350 odd points, any positive Fed news may give a pull back. Trading with strict stoploss for both long and short is advised for Intraday trade. Wednesday Nifty Intraday trade the crucial to be watched for are 5680 and 5760 levels.

If Nifty opens positive above the crucial 5760 levels and FED news comes positive then we may see up move in nifty 5800-5840 levels that too with some selling pressure at higher levels. Buy above the 5780 levels with strict stop loss 5740 and book profits now and then

If Nifty opens negative around the 5700 levels FED news comes negative then short nifty below the 5680 levels.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5780 5810 5840 5865 5760
Sell at 5680 5640 5600 5560 5710

Banknifty Intraday levels Wednesday.

On Tuesday Banknifty came down to 10,200 levels and closed at this levels. On Wednesday, as for as Intraday concern, any positive FED news may take Banknifty to 10,400 and above levels. Any negative FED news may take it to 10,000 below levels.Technically, in my perspective downside will be limited and around 10,000 to 10,200 levels we may see pull back.However trade accordingly with FED news with strict stoploss..

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 10,300 10,400 10,500 10,600 10,230
Sell at 10,230 10,140 10,070 9,950 10,300

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