Wednesday, November 20, 2013

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Nifty Intraday levels Wednesday.

Global cues will lead the market on Wednesday. On Tuesday, Nifty, slided down with low volume compared to previous trade. It was resisted around the 6,200 levels and close above the 6,100 levels. The crucial levels to be watched for Wednesday trades are the 6,040 and the 6,140 levels. Technically, for Wednessday Intraday trades, we may see up move up to 6,250 level. Trading with strict stop loss is advised.

If Nifty opens positive above the 6,140 levels may see upmove upto 6,250 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 6,140 levels we may selling pressure in Nifty. The crucial level to be watched for is 6,040 and 5,940 . Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,150 6,180 6,210 6,220 6,130
Sell at 6,120 6,090 6,060 6,030 6,140

Banknifty Intraday levels Wednessday.

On Tuesday, Banknifty, was resisted around the 11,200 levels and closed just below the crucial 11,000 levels. Technically, Banknifty the 11,150 levels will be crucial levels to be watched for further upmove. For Wednessday trades, the important levels to be watched is 10,900 for downside and 11,200 levels for upside. Trading with strict stop loss is advised.

If Banknifty opens positive above the 11,000 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 10,900 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 11,050 11,150 11,250 11,350 10,950
Sell at 10,950 10,850 10,750 10,650 11,050

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