Wednesday, September 18, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Thursday.

Global cues and FED news will lead the market on Thursday. On Wednesday, Nifty was resisted around the 5.920 levels and managed to close around the 5,900 levels. The volume was low. For Thursday Intraday trades, the important level to be watched will be the 5,840 levels for downside and 6,140 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 5,950 levels we may see upmove upto 6,140 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 5,860 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 5,980 6,020 6,060 6,100 5,950
Sell at 5,880 5,840 5,800 5,760 5,910

Banknifty Intraday levels Thursday.

On Wednesday, Banknifty, traded in a tight range, it took support around the crucial 10,200 levels and surpassed and closed above the 10,400 levels however the volume was low which should not be overlooked. For Thursday trades, the important levels to be watched is 10,200 levels for downside and 10,600 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 with selling pressure at higher 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 10,260 10,160 10,060 9,960 10,360

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