Intraday Trading Levels for Nifty

#1
Nifty (spot) 4245.25



Nifty Intraday trading levels

Today, if Nifty trades above 4220, then it could test 4360. Instead, if it fails to sustain above 4380, then it could decline towards 4220.



Nifty Trading Strategy for intraday and positional trading


For intraday, the crucial level is 4380. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4380. Initiate longs if it sustains above 4380 with a stop at 4350.
 
#3
Trading Levels for 23 september

Nifty (spot) 4223.05

Nifty Intraday trading levels

Today, if Nifty trades below 4245, then it could test 4130 and below 4130, it could test 4050. Instead, if it trades above 4245, then it could test 4300.


Nifty Trading Strategy for intraday and positional trading

For intraday, the crucial level is 4130. Trade short below this level and trade long above this level.

Positional traders can initiate shorts if it fails to sustain above 4130.

Short term Technical View of Nifty

Now, the level 4380 in the upper side is crucial in the short term. As long as it trades below this level, the short term trend is likely to remain bearish. If it trades above 4380 then it could test 4700.

As the market has bounced from a level very closer to its low of 3790, without violating it, chances for a strong rally from now onwards is likely if the level 4380 is broken in the upside. Until then Nifty is vulnerable for a downside.

Sathiamoorthy
 

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