Wednesday, August 21, 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 Thursday.

Global cues will lead the market on Thursday. On Wednesday, Nifty breached the very important level 5275 and closed above the 5300 levels. For past 4 trading sessions Nifty had lost 400 points; if FED news comes positive for markets then we may see up move in nifty; if FED news is negative for the market then Nifty may slide further. Technically, the crucial levels to be watched for Thursday Intraday trades are the 5,215 levels for down side and 5360 levels for up side. Trading with strict stoploss is advised.

If Nifty opens positive above 5300 levels then we may see up move up to 5400 and 5440 levels. Buying above 5360 levels is advised. Trade accordingly with levels given below.

If Nifty opens negative below the 5300 levels the crucial level to be watched is 5215 levels. We may see some buying around this levels and if this level breached we may see further slide below this levels. Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5360 5400 5440 5480 5340
Sell at 5320 5280 5240 55210 5340

Banknifty Intraday levels Thursday.

On Wednesday, Banknifty, after 4 years, had traded with very huge volume which should not be overlooked. It was ressited around the 9,800 levels and managed to close above the 9,200 levels. Technically, on Wednesday, if the FED news is positive then Banknifty may surpass the 9,800 levels; if FED news is negative then it may slide further. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 9,300 9,400 9,500 9,600 9,200
Sell at 9,200 9,100 9,000 8,900 9,300

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