Monday, September 9, 2013

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Friday, Nifty took support around 5,600 levels and managed to close just below the 5,700 levels. For Tuesday Intraday trades the crucial levels to be watched for are 5640 for downside and 5,740 for up side. Though Nifty closed above the crucial 5,640 levels, as it had rallied 300 odd points in 3 trading sessions, we should be careful at higher levels. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive above 5,700 levels then the 5,740 levels will be a strong resistant. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Nifty opens negative around 5,640 levels the crucial level to be watched for is 5,600 and 5,560 levels. Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,705 5,740 5,780 5,820 5,680
Sell at 5,660 5,620 5,580 5,540 5,500

Banknifty Intraday levels Tuesday.

On Friday, Banknifty, took support around the 9,700 levels and was resisted at 10,000 levels and managed to close above the 9,900 levels. For Tuesday trades, the important levels to be watched is 10,000 levels as Banknifty rallied 1,300 odd points in 3 trading sessions we should be careful at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10.000 levels then we may see up move up to around 10,400 levels. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 9,900 levels levels the crucial level to be watched is 9,800, 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 10,060 10,160 10,260 10,360 9,960
Sell at 9,900 9,800 9,700 9,600 10,000

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