Thursday, November 21, 2013

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Nifty Intraday levels Friday.

Global cues will lead the market on Friday. On Thursday, Nifty, slided down with low volume compared to previous trade. It broke the crucial support 6,040 and closed below the 6,000 levels. As it slided with low volume we may buy Nifty at dips aroud the 5,900 to 5,940 levels. Technically, for Friday Intraday trades, crucial level to be watched for downside is 5,900 levels and for upside 6,040 levels. Trading with strict stop loss is advised.

If Nifty opens positive around the 6,040 levels may see upmove upto 6,180 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 6,000 levels we may selling pressure in Nifty. The crucial level to be watched for is 5,900 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,040 6,070 6,100 6,130 6,020
Sell at 6,5980 5,950 5,920 5,890 6,000

Banknifty Intraday levels Friday.

On Thursday, Banknifty, traded in a tight range with increased volume compared t previous trade. It broke the crucial 10,800 levels and closed just above the 10,700 levels. Technically, Banknifty crucial levels to be watched for Friday trades will be the 10,600 for downside and 10,800 for upside. Trading with strict stop loss is advised.

If Banknifty opens positive above the 10,750 levels we may see up move up to around 11,000 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 10,750 10,850 10,950 11,050 10,650
Sell at 10,650 10,550 10,450 10,350 10,750

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