Thursday, October 24, 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 at 6,140 levels and closed below the 6,200 levels. For past a few sessions Nifty witness selling pressure at higher levels. Technically, for Friday 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 6,180 levels we may see upmove upto 6,300 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 6,140 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 6,180 6,210 6,240 6,270 6,160
Sell at 6,140 6,110 6,080 6,050 6,160

Banknifty Intraday levels Friday.

On Thursday, Banknifty, though surpassed the crucial 11,000 levels it could not sustain above this levels. It took support around the 10,800 levels and close just above the 10,900 levels. Technically, to my knowledge Banknifty will correct from this levels and would it moves upward it will see selling pressure at every rise. For Friday trades, the important levels to be watched is 10,800 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 10,900 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 10,850 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 10,960 11,060 11,160 11,260 10,860
Sell at 10,800 10,700 10,600 10,500 10,900

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