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