Tuesday, October 8, 2013

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Nifty Intraday levels Wednesday.

Global cues will lead the market on Wednesday. On Tuesday, Nifty though opended above the 5,960 could not sustain at higher levels however managaed to close above the previous close. . Technically, for Wednesday Intraday trades, the important level to be watched will be the 5,840 levels for downside and 5,940 for up side. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive above the 5,940 levels we may see upmove upto 6,000 levels with profit booking 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 5,840 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,940 5,970 6,000 6,030 5,920
Sell at 5,920 5,890 5,860 5,830 5,940

Banknifty Intraday levels Wednesday.

On Tuesday, Banknifty, opened around the crucial 10,400 levels however could not sustain above this level and managed to close above the crucial level 10,060. For Wednesday trades, the important levels to be watched is 10,060 for downside and 10,200 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10,200 levels we may see up move up to around 10,400 and above levels. The crucial levels to be watched for is 10,200. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,100 levels we may see fall in Banknifty upto 9,800 levels. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 10,250 10,350 10,450 10,550 10,150
Sell at 10,050 9,950 9,850 9,750 10,150

1 comment:

Unknown said...

Indian's trade deficit down 37% in september month, that effect deen on share market today, nifty traded above 5950 level with increase of 30 point up side,
option call: buy nifty 6100 call above 120 target 145,155 stoploss 95
nifty tips
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