Intraday view and levels for Nifty and Bank Nifty No ratings yet.

Swing Trading

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

Disclaimer: All views expressed in this site are for reference only. Readers must consult their own investment adviser  before taking any investment/trading decision. We hold no financial liability to any user on account of use of information provided on this website.

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Author: Traders' Chowk

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