Tuesday, October 1, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Thursday.

Global cues will lead the market on Thursday. On Tuesday, Nifty took suport around the 5,700 levels and managed to close above the 5,760 levels. Technically, Nifty may trade in positive bias. For Thursday Intraday trades, the important level to be watched will be the 5,760 levels for downside and 5,840 for up side. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive above the 5,800 levels we may see upmove upto 5,900 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 5,760 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 5,800 5,830 5,860 6,890 5,780
Sell at 5,760 5,730 5,700 5,670 5,780

Banknifty Intraday levels Thursday.

On Tuesday, Banknifty, though breached the 9,600 levels it managed to close around 9,900 levels Technically, we may see up move on Thursday. For Thursday trades, the important levels to be watched is 9,600 for downside and 10,060 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 9,900 levels we may see up move up to around 10,200 and above levels. The crucial levels to be watched for is 10,060. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 9,800 levels we may see fall in Banknifty upto 9,600 levels. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 9,900 10,000 10,100 10,200 10,300
Sell at 9,550 9,450 9,350 9,250 9,650

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