Monday, January 6, 2014

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Nifty Intraday levels Tuesday.

Global cues will lead the market on Tuesday. On Monday, Nifty, traded in a tight range with decreased volume compared to previous trade. It closed below the crucial level 6,200. Technically, 6,140 is the significant level for Tuesday intraday trades below this level we may expect selling pressure and above the 6,240 levels we may expect a upmove. For Tuesday Intraday trades, crucial level to be watched for downside is 6,140 levels and for upside 6,240 levels. Trading with strict stop loss is advised.

If Nifty opens positive around or above the 6,220 levels we may see upmove upto 6,300 levels and above. Book profits now and then and trade strictly with stop loss. Trade accordingly with levels given below.

If Nifty opens below 6,180 levels we may selling pressure in Nifty which may take to 6,100 levels and below. Trading with strict stop loss is advised.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy at 6,220 6,260 6,300 6,330 6,200
Sell at 6,180 6,150 6,120 6,090 6,200

Banknifty Intraday levels Tuesday.

On Monday, Banknifty, traded in a tight range with decreased volume compared to previous trade. It broke the 11,000 levels, and managed to close below the 200 DMA. The crucial levels to be watched for are 10,800 for downside and 11,200 for up side. Technically, Banknifty only above the 11,300 levels we may see up move. 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. 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 we may see selling pressure which may take to 10,800levels. 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 10,950 10,850 10,750 10,650 11,050

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