Monday, September 2, 2013

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Monday, Nifty took support around the 5,460 levels and closed just below the 5,570 levels. Nifty moved up with decreased volume compared to previous trade. It has been rallying from 5,100 levels, so for tuesday trade we should be careful at higher levels would Nifty moves up. Technically, the crucial levels to be watched for Tuesday Intraday trades are 5,500 downside and 5,640 for upside. Trading with strict stoploss is advised.

If Nifty opens positive above 5,600 levels then the 5,640 levels will be a storng resistant. Only above this level we may seee up move upto 5,700 levels. Buying above the 5,570 levels is advised. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Nifty opens negative below the 5,500 levels, the crucial level to be watched for is 5,440 levels. Below the 5,400 levels Nifty may slide further. Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,570 5,600 5,640 5,680 5,550
Sell at 5,530 5,500 5,470 5,440 5,550

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, traded in a tight range with low volume and it still it finds difficult to surpass the 9,200 levels. On Tuesday the 9,200 levels will a crucial levels to be watched for. Only above this levels we may see up move. Technically, the crucial levels to be watched for on Tuesday are, the 9,000 levels for downside and 9,400 levels for up side. Trading with strict stop loss is advised.

If Banknifty opens positive around 9.200 levels then we may see up move up to around 9,400 . Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 9,000 levels levels the crucial level to be watched is 8,800, below this it slip further. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 9,250 9,350 9,450 9,550 9,150
Sell at 9,150 9,050 8,950 8,850 9,750

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