Monday, November 25, 2013

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Monday, Nifty, traded in a wide range with decreased volume compared to previous trade. Though it closed above the 6,100 levels we should be careful at higher levels. Technically, we may expect selling pressure at higher levels. For Tuesday Intraday trades, crucial level to be watched for downside is 6,040 levels and for upside 6,180 levels. Trading with strict stop loss is advised.

If Nifty opens positive around the 6,140 levels may see upmove upto 6,240 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 6,080 levels we may selling pressure in Nifty. The crucial level to be watched for is 6,040 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,160 6,190 6,220 6,250 6,140
Sell at 6,080 6,040 6,010 5,980 6,100

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, traded in a wide range with decreased volume compared to previous trade. It closed above the the crucial 11,000 levels. The crucial levels to be watched for are 10,800 for downside and 11,100 for up side. Technically, Banknifty may see selling pressure at 11,300 levels and for Monday trades buying above the 11,150 is advised. Trading with strict stop loss is advised.

If Banknifty opens positive above the 11,100 levels we may see up move up to around 11,300 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 11,000 levels the 10,800 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 11,150 11,250 11,350 11,450 11,050
Sell at 11,000 10,900 10,800 10,700 11,100

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