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

In the last trading session, Nifty closed on a positive note at 10,769.30 odd levels above its 50 day SMA. Closing above 50- Day SMA indicates a strong closing and may require a quick action from buyers if Intraday resistance of 10,777 is broken during the day.

On a global front, U.S markets closed on a slight negative note and Asian markets are trading mixed, as of now.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 10,777 for targets of 10,807/10,855

Sell below 10,735 for targets of 10,702/10,670

Trading Strategy for Bank Nifty

Buy above  26,445 for targets of 26,490/26,525

Sell below 26,330 for targets of 26,280/26,240


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Author: Traders' Chowk

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