Wednesday, September 4, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Thursday.

Global cues and RBI news will lead the market on Thursday. On Wednesday, Nifty took support around 5,300 levels and managed to close above the 5,400 levels. However Nifty still finds strong resistant around the crucial 5.460 levels. For Thursday Intraday trades concern, RBI news will give the direction. In my perception the 5,460 levels has to be surpassed for any buying in Nifty and I would advise buying above 5,510 levels. Trading with strict stoploss is advised.

If Nifty opens positive above 5,460 levels then the 5,500 levels will be a strong resistant. Safe buying above 5,510 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 5,400 levels, the crucial level to be watched for is 5,360 levels. Below this 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 5,510 5,540 5,580 5,620 5,480
Sell at 5,400 5,360 5,330 5,300 5,430

Banknifty Intraday levels Thursday.

On Wednesday, Banknifty, took support around the 8,600 levels and managed to close above the 8,800 levels. For Thursday trades, RBI news will give the direction and important levels to be watched for is 8,600 levels below this levels we may see further slide. Trading with strict stop loss is advised.

If Banknifty opens positive around 8.900 levels then we may see up move up to around 9,200 levels based on RBI news. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 8,800 levels levels the crucial level to be watched is 8,600, 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 8,900 9,000 9,100 9,200 8,800
Sell at 8,800 8,700 8,600 8,500 8,900

1 comment:

Unknown said...

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