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

Nifty Trading tips

Trade Date- 23/07/2018

In the last trading session, Nifty closed on a positive note at 11,010 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 11,031 is broken during the day.

On a global front, U.S markets closed on a negative note losing an average of 0.03-0.07%. Asian markets however, documented a very strong closing gaining on an average 1-2%.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 11,031 for targets of 11,060/11,110.

Sell below 10,960 for targets of 10,930/10,900.


Trading Strategy for Bank Nifty

Buy above 26,880 for targets of 26,930/26,980

Sell below 26,800 for targets of 26,745/26,700

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

30 thoughts on “Intraday view and levels for Nifty and Bank Nifty

  1. Hello,

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  2. I am stuck in can fin homes purchased at 452/- and bf utilities purchased at 438/- please suggest what to do???

    1. Can Fin Homes looks very weak in medium term. Better to exit this counter. SL-320
      BF Utilities- Looks very in short/medium. Better to exit this counter. SL-270

  3. Sir I bought sbin put at the rate of 2.85 (3000 ) quantity,now it’s 1 rupee, should I hold or sell of tomorrow,pl suggest

  4. I have ongc and ioc….Out of both which one is best and which one is remove….Plz plz plz guide me sir plz

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