Thursday, October 17, 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 braeached the crucial 6,040 levels and closed above this level. 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. We may expect selling pressure at higher levels. Booking profits now and then and trading with strict stop loss is advised.

If Nifty opens positive above the 6,060 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 6,020 levels we may selling pressure in nifty. The crucial level to be watched for is 5,940 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,060 6,100 6,140 6,180 6,040
Sell at 6,020 5,990 5,960 5,930 6,040

Banknifty Intraday levels Friday.

On Thursday, Banknifty, was resisted around the 10,400 levels, took support around the 10,200 levels and closed above the 10,300 levels. We may expect selling pressure at higher 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 above the 10,350 levels we may see up move up to around 10,550 and above levels. we may see selling pressure at higher levels. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,250 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 10,400 10,500 10,600 10,700 10,350
Sell at 10,300 10,200 10,100 10,000 10,350

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