Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Wednesday.

Global cues will lead the market on Wednesday. On Tuesday, Nifty surpassed the 200 DMA and closed above the crucial 5,880 levels. In the past 4 trading sessions Nifty moved 550 odd points. For Wednesday Intraday trades the crucial levels to be watched for are 5,840 for downside and 5,940 for up side. Though Nifty closed above 200 DMA levels we should be careful at higher levels. we may see selling pressure at every rise. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive above 5,900 levels then the 5,940 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 below around 5,880 levels the crucial level to be watched for is 5,840 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls	Target 1	Target 2	Target 3	stoploss
Buy at 5,940	5,980	6,020	6,060	6,100
Sell at 5,880	5,840	5,800	5,760	5,900

Banknifty Intraday levels Wednesday.

On Tuesday, Banknifty, traded above the 10,000 levels and the volume was decreased compared to previous trade. For Wednesday trades, the important levels to be watched is 10,060 levels for downside and 10,400 levels for upside. In my view we should be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10.200 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 10,100 levels levels the crucial level to be watched is 10,060. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls	Target 1	Target 2	Target 3	stoploss
Buy at 10,260	10,360	10,460	10,560	10,160
Sell at 10,060	9,960	9,860	9,760	10,160