Thursday, December 26, 2013

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Nifty Intraday levels Friday.

Global cues will lead the market on Friday. On Thursday, Nifty, traded in a tight range with increased volume compared to previous trade. It closed below the crucial level 6,300. Technically, 6,240 is the significant level for Friday intraday trades below this level we may expect selling pressure and above the 6,300 levels we may expect a upmove. For Friday Intraday trades, crucial level to be watched for downside is 6,240 levels and for upside 6,320 levels. Trading with strict stop loss is advised.

If Nifty opens positive around or above the 6,300 levels may see upmove upto 6,360 levels and above. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Nifty opens around 6,260 levels we may selling pressure in Nifty which may take to 6,140 levels. Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,320 6,350 6,380 6,410 6,300
Sell at 6,260 6,230 6,200 6,170 6,280

Banknifty Intraday levels Monday.

On Thursday, Banknifty, traded in a rather tight range with increased volume compared to previous trade. It took support around the 11,300 levels and managed to close just below the 11,400 levels. The crucial levels to be watched for are 11,300 for downside and 11,400 for up side. Technically, Banknifty only above the 11,500 levels we may see up move. Trading with strict stop loss is advised.

If Banknifty opens positive above the 11,400 levels we may see up move up to around 11,500 and above levels. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Banknifty opens negative below the 11,300 levels we may see selling pressure which may take to 11,000levels. Trading with strict stop loss is advised.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 11,450 11,550 11,650 11,750 11,350
Sell at 11,300 11,200 11,100 11,0900 11,200

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