Monday, September 30, 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 breached the crucial 5,760 levels and closed below this levels. Volume was low compared to previous trade. For Monday Intraday trades, the important level to be watched will be the 5,640 levels for downside and 5,800 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 5,760 levels we may see upmove upto 5,840 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 5,700 levels we may see fall in nifty. The crucial level to be watched for is 5,640 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,760 5,790 5,820 6,850 5,740
Sell at 5,720 5,690 5,660 5,630 5,740

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, breached the 9,600 levels and managed to close above this levels. Technically, I would not recommend buying at dips around the 9,200 levels. For Tuesday trades, the important levels to be watched is 9,400 for downside and 9,600 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 9,600 levels we may see up move up to around 9,800 and above levels. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 9,600 levels we may see fall in Banknifty upto 9,300 levels. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 9,650 9,750 9,850 9,950 9,550
Sell at 9,550 9,450 9,350 9,250 9,650

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