Trade Date- 13/07/2018
In the last trading session, Nifty closed on a positive note at 11,023.30 levels, above its 20 day SMA and 10 Day SMA. Closing above 20-Day SMA indicates a strong closing and may require a quick action from buyers if Intraday resistance of 11,035 is broken during the day.
On a global front, U.S markets are trading (on 12th July) on a positive note gaining an average of 0.90-1.30%. European markets closed with gains amounting to an average of side 0.60-1.00%.
Trading Strategy for Nifty
Intraday traders may follow the below mentioned levels-
Buy above 11,035 for targets of 11,065/11,105
Sell below 10,999 for targets of 10,970/10,920
Trading Strategy for Bank Nifty
Buy above 27,041 for targets of 27,091/27,175
Sell below 26,945 for targets of 26,895/26,850