Technical Outlook, 30 January 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 11100 is the crucial intraday level for Nifty.

If Nifty sustains below 11100, then it could test 11020 and below that level it could test 10950.

Instead, if Nifty trades above 11100, then it could test 11120.

Short term Technical View of Nifty

For the short term, the level 11200 is crucial. If it sustains below this level, then it is likely to test 10500. Instead, if it trades above 11200, then it is likely to test 11500.

Medium term outlook of Nifty dated on 4 October 2017

The medium term outlook of Nifty would remain bullish if it sustains above 10000. Nifty is likely to move towards 12000.

Long term outlook of Nifty dated on 4 October 2017

The long term outlook of Nifty is looking bullish and this view holds good as long as Nifty sustains above 9000 and in the upper side it is likely to test 12000 in coming months.


Nifty Futures Technical Analysis - Intraday and Positional Levels

Today, 11100 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 11110, then it could test 11050 and below that level it could test 10950. 

Instead, if Nifty futures trades above 11100, then it could test 11120.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 11100. Trade short below this level and trade long above this level.

Nifty Futures Positional Trading Strategy- 05 October 2017

Positional shorts can be initiated if it fails to sustain below 11150 for a target of 10500 with a stop at 11200 and trade long above 11150 for a target of 11500 with a stop at 11000.


Sensex - Technical Outlook and Trading Levels

Today, 36300 is the crucial intraday level for Sensex.

If Sensex sustains below 36300, then it could test 35700 and below that level it could test 35500.

Instead, if Sensex trades above 36300, then it could test 36700.

Short term Technical View of Sensex

The level 36700 is crucial for the short term. If it sustains above this level, then it could test 38000 .Instead, if it fails to trade above this level, then it could decline towards 35000 levels.

Medium term outlook of Sensex dated on 10 October 2017

The medium term outlook of Sensex would remain bullish if it sustains above 34000 and it is likely to test 38000 levels. 

Long term outlook of Sensex dated on 10 October 2015

The long term outlook of Sensex is looking bullish and it seems that Sensex is likely to rally towards 37500 levels in coming months. This view holds good as long as it sustains above 33500.

Technical View of Bank Nifty & CNX IT

Bank Nifty Intraday levels

Today, 27500 is crucial for Intraday.

If Bank Nifty sustains below 27500 then it could test 27200 and below that level it could test 27000.

Instead, if Bank Nifty trades above 27500 then it could test 27700.

Short term Technical View of Bank Nifty

The level 24800 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 28000 level is likely. Instead, if it could not sustain above 24800, then it could test 23500.

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Cnx IT Intraday levels 

Today, 13200 is the crucial intraday level.

If Cnx IT sustains above 13200, then it could test 13400.
Instead, if Cnx IT trades below 13200 then it could test 13000 and below that level it could test 12800.

Short term Technical View of Cnx IT

The level 11000 is crucial for Cnx IT in the short term. If it fails to move above this level, then it is likely to see a short term correction towards 10500 level. Instead, if it trades above 10100, then it could test 12000.



Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional long trades can be initiated above 970 for a target of 990. Trade short below 970 for a target of 930.

SBI

Today, 320 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 320 is crucial for short term. Positional long trades can be initiated above 320 for a target of 330. Trade short below 320 for a target of 300.

Axis Bank

Today, 605 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 605 is crucial for short term. Positional long trades can be initiated above 605 for a target of 620. Trade short below 605 for a target of 580.

Icici Bank

Today, 360 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 360 is crucial for short term. Positional long trades can be initiated above 360 for a target of 370. Trade short below 360 for a target of 340.

Tata Steel

Today, 790 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 790 is crucial for short term. Positional long trades can be initiated above 790 for a target of 800. Trade short below 790 for a target of 760.