Monday, September 16, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Monday, Nifty was resisted around the 5.960 levels and managed to close at the 5,840 levels which crucial support and 200 DMA. For Tuesday Intraday trades, the important level to be watched will be the 5,760 levels for downside and 5,960 for up side. We may see selling pressure at higher levels. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive around 5,860 levels we may see upmove upto 5,940 levels with selling pressure at rise. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Nifty opens below around 5,840 levels we may see fall in nifty. The crucial level to be watched for is 5,760 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,880 5,900 6,000 6,100 5,860
Sell at 5,840 5,810 5,780 5,750 5,860

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, opened above the crucial 10,400 levels but could not close above this level. Until Banknfity surpasses and sustain above the 10,400 levels we may not see up move. For Tuesday trades, the important levels to be watched is 10,200 levels for downside and 10,400 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10.400 levels we may see up move up to around 10,600 levels. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,300 levels we may see fall in Banknifty and 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 10,460 10,560 10,660 10,760 10,360
Sell at 10,300 10,200 10,100 10,000 10,400

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