Friday, October 11, 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 took support around the crucial 6,040 and resisted around the 6,100 levels however managed to close above the 6,080 levels. Technically, for Monday Intraday trades, the important level to be watched will be the 6,040 levels for downside and 6,140 for up side. Booking profits now and then and trading with strict stop loss is advised.

If Nifty opens positive above the 6,100 levels we may see upmove upto 6,200 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 6,080 levels we may selling pressure in nifty. The crucial level to be watched for is 6,000 and 5,940 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,110 6,140 6,170 6,200 6,080
Sell at 6,080 6,040 6,000 5,970 6,110

Banknifty Intraday levels Monday.

On Friday, Banknifty, was resisted around the 10,600 levels and managed to closed above the 10,600 levels. After 13 trading sessions it closed above the 10,400 levels. For Monday trades, the important levels to be watched is 10,400 for downside and 10,800 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10,650 levels we may see up move up to around 10,800 and above levels. The crucial levels to be watched for is 10,800. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,600 levels then the 10,400 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 10,650 10,750 10,850 10,950 10,550
Sell at 10,550 10,450 10,350 9,250 10,650

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