Thursday, September 19, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Friday.

Global cues and RBI news will lead the market on Friday. On Thursday, Nifty rallied due to FED move with increased volume. It was resisted at the crucial 6,140 levels and closed below this level. For Friday Intraday trades, the important level to be watched will be the 5,940 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 above the 6,140 levels we may see upmove upto 6,250 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 6,080 levels we may see fall in nifty. The crucial level to be watched for is 5,940 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,150 6,180 6,210 6,240 6,130
Sell at 6,100 6,070 6,040 6,010 6,130

Banknifty Intraday levels Friday.

On Thursday, Banknifty, surged due to the FED news with huge volume. It surpassed the crucial 10,800 levels, took support around the 11,0000 levels and managed to close above the 11,100 levels. Technically, upside move is limited. For Friday trades, the RBI news will give the direction. The important levels to be watched is 10,800 levels for downside and 11,400 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 11.200 levels we may see up move up to around 11,600 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 11,100 levels we may see fall in Banknifty and the crucial level to be watched is 10,800. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 11,300 11,400 11,500 11,600 11,200
Sell at 11,100 11,000 10,900 10,800 11,200

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