Thursday, October 3, 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 around the 5,800 levels and managed to close above the 5,900 levels. Volume was increased compared to previous trade. Technically, for Friday Intraday trades, the important level to be watched will be the 5,840 levels for downside and 5,940 for up side. Booking profits now and then and trading with strict stoploss is advised.

If Nifty opens positive above the 5,900 levels we may see upmove upto 6,000 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 5,900 levels we may see fall in nifty. The crucial level to be watched for is 5,840 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 5,920 5,950 5,980 6,010 5,900
Sell at 5,880 5,860 5,830 5,800 5,900

Banknifty Intraday levels Friday.

On Thursday, Banknifty, closed above the 10,200 levels and not breached the crucial 9,800 levels Technically, we may see up move on Friday. For Friday trades, the important levels to be watched is 10,060 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 10,200 levels we may see up move up to around 10,500 and above levels. The crucial levels to be watched for is 10,200. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 10,200 levels we may see fall in Banknifty upto 9,900 levels. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 10,270 10,370 10,470 10,570 10,170
Sell at 10,150 10,050 9,950 9,850 10,250

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