Monday, November 11, 2013

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Monday, Nifty, was resisted around the 6,140 levels and managed to close above the 6,040 levels. The crucial levels to be watched for Tuesday trades are the 6,000 and the 5,940 levels. Technically, for Tuesday Intraday trades, the important level to be watched will be the 6,040 for downside. Trading with strict stop loss is advised.

If Nifty opens positive around the 6,080 levels may see upmove upto 6,200 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 6,040 levels we may selling pressure in Nifty. The crucial level to be watched for is 5,940 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,080 6,210 6,230 6,260 6,060
Sell at 6,040 6,010 5,980 5,950 6,060

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, was resisted around the 11,000 levels and closed below the crucial 10,800 levels. Technically, Banknifty the 10,800 levels will be crucial levels to be watched for further upmove. For Tuesday trades, the important levels to be watched is 10,700 for downside and 10,800 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 10,700 levels 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 10,850 10,950 11,050 11,150 10,750
Sell at 10,700 10,600 10,500 10,400 10,800

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