Tuesday, October 29, 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 around the 6,080 levels and closed above the 6,220 levels with increased volume. Above the 6,240 levels we may see up move in Nifty upto 6,350 levels. Technically, for Wednesday Intraday trades, the important level to be watched will be the 6,140 levels for downside. Trading with strict stop loss is advised.

If Nifty opens positive above the 6,240 levels 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 6,200 levels we may selling pressure in Nifty. The crucial level to be watched for is 6,140 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,240 6,270 6,300 6,330 6,220
Sell at 6,200 6,170 6,140 6,110 6,220

Banknifty Intraday levels Wednesday.

On Tuesday, Banknifty, closed above the 11,200 levels, which around 200 points away from 200 DMA, with increased volume. Technically, Banknifty the 11,400 levels will be crucial levels to be watched for further upmove. For Wednesday trades, the important levels to be watched is 11,000 for downside and 11,400 levels for upside. Be cautious at higher levels. Trading with strict stop loss is advised.

If Banknifty opens positive above the 11,300 levels we may see up move up to around 11,500 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 11,200 levels the 11,000 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 11,300 11,400 11,500 11,600 11,200
Sell at 11,200 11,100 11,000 10,900 11,300

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