Intraday levels for Nifty and Bank Nifty No ratings yet.

Trade Date- 19/07/2018

In the last trading session, Nifty closed on a negative note at 10,980.45 levels, above its 20 day SMA and 10 Day SMA. Closing above 20-Day SMA indicates strength and may require a quick action from buyers if Intraday resistance of 11,000 is broken during the day.

On a global front, Asian markets closed on a negative note losing an average of 0.35-0.50% on 18th July.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 11,000 for targets of 11,032/11,060

Sell below 10,975 for targets of 10,945/10,930

Trading Strategy for Bank Nifty

Buy above 26,940 for targets of 26,990/27,120

Sell below 26,860 for targets of 26,820/26,745

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Author: Traders' Chowk

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