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

Swing Trading

Trade Date- 17/07/2018

In the last trading session, Nifty closed on a negative note at 10,936.85 levels, below its 20 day SMA and 10 Day SMA. Closing below 20-Day SMA indicates a weak closing and may require a quick action from shorters if Intraday support of 10,925 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%. European markets closed with losses amounting to an average of 0.30-0.45%.

Trading Strategy for Nifty

Intraday traders may follow the below mentioned levels-

Buy above 10,960 for targets of 10,982/10,995

Sell below 10,925 for targets of 10,904/10,880

Trading Strategy for Bank Nifty

Buy above  26,725 for targets of 26,750/26,785

Sell below 26,650 for targets of 26,610/26,560


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Author: Traders' Chowk

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