Wednesday, October 30, 2013

Nifty-Banknify Intraday trading levels.

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Nifty Intraday levels Thursday.

Global cues will lead the market on Thursday. On Wednesday, Nifty, managed to stay above the 6,200 levels. It took support around the 6,220 levels and closed just above the 6,250 levels. As Thusday is expiry day we may see selling pressure at higher levels. Technically, for Thursday Intraday trades, the important level to be watched will be the 6,200 levels for downside. Trading with strict stop loss is advised.

If Nifty opens positive around the 6,280 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 6,240 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 6,280 6,310 6,340 6,370 6,260
Sell at 6,240 6,210 6,180 6,150 6,260

Banknifty Intraday levels Thursday.

On Wednesday, Banknifty, was resisted around the 200 DMA levels and closed below the 11,300 levels. As Thursday is expiry day we see selling pressure at higher levels. Technically, Banknifty the 11,400 levels will be crucial levels to be watched for further upmove. For Thursday trades, the important levels to be watched is 11,200 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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