Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Tuesday.

Global cues and IIP data will lead the market on Tuesday. On Monday, though SBI results was not in line with expectation, Nifty took support around the 5560 levels and managed to close around the 5600 levels. If IIP comes in line with expectation we may see up move in Nifty. Technically, we may buy Nifty at dips as for as Tuesday Intraday trades concern. The crucial levels to be wathced for Tuesday trades are 5560 levels for downside and 5640 levels for up side.

If Nifty opens positive around 5640 levels then we may see up move up to 5700 and 5760 levels. The 5760 levels will be strong resistant. Technically, I expect an up move in Nifty on Tuesday. Trade accordingly with levels given below.

If Nifty opens negative below 5600 levels then we may expect Nifty to move southwards up to 5400 levels. Technically, the 5420 levels will act as a strong support.

Intraday trading tips-Nifty

Calls	Target 1	Target 2	Target 3	stoploss
Buy at 5620	5640	5680	5700	5600
Sell at 5580	5560	5520	5480	5600

Banknifty Intraday levels Tuesday.

On Monday, SBI results made Banknifty to move downwards, however though it broked the 9700 levels it managed to close above this level. For past three trading sessions Banknifty holds this level on closing basis. Going forward, technically, to my knowledge we may not see any more decline in Banknifty. As for as Tuesday Intraday trades concern, the crucial levels to be watched for is the 9,500 levels, until this level is not broken we will not see sharp decline in Banknifty.

Intraday trading tips-Banknifty

Calls	Target 1	Target 2	Target 3	stoploss
Buy at 9.820	9.900	10,020	10,150	9.760
Sell at 9.700	9,600	9,500	9,400	9.760