Monday, September 23, 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 opened lower than the previous close and found difficult to surpass the 5,940 levels. It took support around the 5,870 levels and closed below the 5,900 levels. For Tuesday Intraday trades, the important level to be watched will be the 5,840 levels for downside and 5,940 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 5,900 levels we may see upmove upto 5,980 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 5,900 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 5,9010 5,950 5,980 6,010 5,880
Sell at 5,870 5,840 5,810 5,780 5,890

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, opened lower than the previous close and could not sustain above the 10,400 levels and breached the 10,200 levels though managedt o close above this levels. 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 10.300 levels we may see up move up to around 10,600 levels with selling pressure at higher levels and the crucial level to be watched for is 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 10,200 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 10,300 10,400 10,500 10,600 10,200
Sell at 10,200 10,100 10,000 9,900 10,300

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