Friday, November 22, 2013

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Nifty Intraday levels Monday.

Global cues will lead the market on Monday. On Friday, Nifty, traded in a tight range with decreased volume compared to previous trade. It broke the crucial support 6,040 and closed below the 6,000 levels. Technically, can buy Nifty at dips around the 5,900 to 5,940 levels. For Monday Intraday trades, crucial level to be watched for downside is 5,940 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 Monday.

On Friday, Banknifty, traded in a tight range with decreased volume compared to previous trade. It closed just above the the crucial 10,600 levels. We may see buying interest around the 10,400 levels and if this level breaks we may expect Banknifty to slide further. Technically, Banknifty crucial levels to be watched for Monday 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 10,700 levels we may see up move up to around 10,850 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 10,600 levels the 10,400 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 10,700 10,800 10,900 11,000 10,600
Sell at 10,600 10,500 10,400 10,300 10,700

1 comment:

Online Dry Fruits Provider India said...

Today's Intraday Morning Bell...
Intra day Strategy: Sell NCDEX (Dec) Turmeric between 5060 - 5070 , SL – 5150 , Target – 4910
sell soyarefine @ 710 tgt 708/705 sl above 712
dhaniya dec @cmp sl 7510 tgt 7630/7675
channa dec 2994 sl 3035 tgt 2940/2910


Intraday tips