Intraday View and Levels for Nifty & Bank Nifty No ratings yet.

Nifty Trading tips

Trade Date- 18/07/2018

In the last trading session, Nifty closed on a positive note at 11,008.05 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 11,020 is broken during the day.

On a global front, U.S markets closed on a negative note losing an average of 0.35-0.50% on 16th July. Asian markets closed with losses amounting to an average of 0.80-1.35%.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 11,012 for targets of 11,040/11,080

Sell below 10,974 for targets of 10,945/10,935

Trading Strategy for Bank Nifty

Buy above  27,014 for targets of 27,065/27,108

Sell below 26,835 for targets of 26,790/26,720


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Author: Traders' Chowk

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