Thursday, October 10, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Friday.

Global cues will lead the market on Friday. On Thursday, Nifty took support around the 5,980 and resisted around the crucial 6,040 levels however managed to close above the 6,000 levels. Technically, for Friday Intraday trades, the important level to be watched will be the 5,940 levels for downside and 6,040 for up side. Booking profits now and then and trading with strict stop loss is advised.

If Nifty opens positive around the 6,040 levels we may see upmove upto 6,140 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 6,000 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 6,040 6,080 6,110 6,140 6,020
Sell at 5,990 5,960 5,930 5,900 6,010

Banknifty Intraday levels Friday.

On Thursday, Banknifty, was resisted around the 10,400 levels and closed below the 10,300 levels. Still it could not close above the 10,400 levels. For Friday trades, the important levels to be watched is 10,200 for downside and 10,400 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive around the 10,350 levels we may see up move up to around 10,600 and above levels. The crucial levels to be watched for is 10,400. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,300 levels then the 10,200 levels will be important level to be watched. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 10,350 10,450 10,550 10,650 10,250
Sell at 10,250 10,150 10,050 9,950 10,350

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