Tuesday, October 22, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Wednesday.

Global cues will lead the market on Wednesday. On Tuesday, Nifty, took support at 6,180 levels and closed abovve the 6,200 levels. Volume was decreased compared to previous trade. Technically, for Wednesday Intraday trades, the important level to be watched will be the 6,140 levels for downside. Nifty may correct from this levels. Booking profits now and then and trading with strict stop loss is advised.

If Nifty opens positive above the 6,200 levels we may see upmove upto 6,350 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 6,180 levels we may selling pressure in nifty. The crucial level to be watched for is 6,040 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,220 6,250 6,280 6,310 6,200
Sell at 6,180 6,140 6,110 6,080 6,200

Banknifty Intraday levels Wednesday.

On Tuesday, Banknifty, managed to surpass the crucial 10,900 levels and closed just above this levels. It took support around the 10,700 levels. Though volume was increased compared to previous trade we may expect selling pressure at higher levels. For Tuesday trades, the important levels to be watched is 10,600 for downside and 11,000 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10,800 levels we may see up move up to around 11,100 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 10,750 levels then the 10,600 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 10,860 10,960 11,060 11,160 10,760
Sell at 10,760 10,660 10,560 10,460 10,860

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