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

Intraday Trading

Trade Date- 20/07/2018

In the last trading session, Nifty closed on a negative note at 10,957.10 levels, but much 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 10,981 is broken during the day.

On a global front, U.S markets closed on a negative note losing an average of 0.45-0.55% on 19th July.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 10,981 for targets of 11,005/11,040

Sell below 10,948 for targets of 10,928/10,907

Trading Strategy for Bank Nifty

Buy above 26,805 for targets of 26,840/27,887

Sell below 26,775 for targets of 26,722/26,682


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Author: Traders' Chowk

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