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thanks for understanding.Nifty Intraday trading levels.
Nifty levels-Wednessday
Global cues will lead the market on wednessday. Nifty had traded in a tight range with selling pressure at higher levels on tuesday. Fii’s were net buyers for 165.6 crores and Dii’s were net buyers for 37.83 crores. Even though Fii’s were net buyers and Nifty closed above the crucial 5840 levels,technically, I will not recommend buying in Nifty. We will see selling pressure at every rise. To my knowledge there is high possibility of downside in Nifty. The 5760 levels will be the gateway for Nifty’s sharp decline.If global cues are positive go long in nifty only at 5880 - 5885 levels. The 5900 and 5940 levels will face strong resistance.
If global cues are negative shorting in Nifty below 5840 will be safe as on tuesday had a good support around these level.
Intraday trading tips-Nifty
Calls | Target 1 | Target 2 | Target 3 | stoploss |
---|---|---|---|---|
Buy at 5885 | 5904 | 5943 | 5980 | 5865 |
Sell at 5840 | 5810 | 5790 | 5760 | 5860 |
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