Saturday, September 28, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Monday.

Global cues will lead the market on Monday. On Friday, Nifty could not sustain above the 5,900 levels and closed below the 5,840 levels, with decreased volume which should not be overlooked. For Monday Intraday trades, the important level to be watched will be the 5,760 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 5,840 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 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 5,860 5,900 5,940 6,980 5,840
Sell at 5,820 5,790 5,760 5,730 5,840

Banknifty Intraday levels Monday.

On Friday, Banknifty, was resisted around the 10,200 levels and closed below the 9,900 levels with decreased volume. For Monday trades, the important levels to be watched is 10,060 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive around the 10.000 levels we may see up move up to around 10,200 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 9,900 levels we may see fall in Banknifty and the crucial level to be watched is 9,800. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 10,060 10,160 10,260 10,360 9,960
Sell at 9,880 9,780 9,680 9,580 9,960

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