Technical Outlook, 22 February 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10430 is the crucial intraday level for Nifty.

If Nifty sustains below 10430, then it could test 10350 and below that level it could test 10250.

Instead, if Nifty trades above 10430, then it could test 10500.

Short term Technical View of Nifty

For the short term, the level 10800 is crucial. If it sustains below this level, then it is likely to test 10000. Instead, if it trades above 10800, 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, 10440 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10440, then it could test 10350 and below that level it could test 10250. 

Instead, if Nifty futures trades above 10440, then it could test 10500.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10440. Trade short below this level and trade long above this level.

Nifty Futures Positional Trading Strategy- 05 February 2018

Positional shorts can be initiated if it fails to sustain below 10800 for a target of 10000 with a stop at 10900 and trade long above 10800 for a target of 11200 with a stop at 10700.



Sensex - Technical Outlook and Trading Levels

Today, 33980 is the crucial intraday level for Sensex.

If Sensex sustains below 33980, then it could test 33700 and below that level it could test 33470.

Instead, if Sensex trades above 33980, then it could test 34200.

Short term Technical View of Sensex

The level 35500 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 32500 levels.

Medium term outlook of Sensex dated on 05 February 2018

The medium term outlook of Sensex would remain bullish if it sustains above 32000 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 38000 levels in coming months. This view holds good as long as it sustains above 32000.

Technical View of Bank Nifty & CNX IT

Bank Nifty Intraday levels

Today, 25200 is crucial for Intraday.

If Bank Nifty sustains below 25200 then it could test 24800 and below that level it could test 24600.

Instead, if Bank Nifty trades above 25200 then it could test 25600.

Short term Technical View of Bank Nifty

The level 26400 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 27500 level is likely. Instead, if it could not sustain above 26400, then it could test 23500.

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Cnx IT Intraday levels 

Today, 12950 is the crucial intraday level.

If Cnx IT sustains above 12950, then it could test 12620.
Instead, if Cnx IT trades below 12950 then it could test 12700 and below that level it could test 12500.

Short term Technical View of Cnx IT

The level 12800 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 11800 level. Instead, if it trades above 12800, then it could test 14000.



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

Reliance

Today, 930 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional long trades can be initiated above 930 for a target of 950. Trade short below 930 for a target of 880.

SBI

Today, 275 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 275 is crucial for short term. Positional long trades can be initiated above 275 for a target of 300. Trade short below 275 for a target of 250.

Axis Bank

Today, 530 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 550 is crucial for short term. Positional long trades can be initiated above 550 for a target of 575. Trade short below 550 for a target of 485.

Icici Bank

Today, 315 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 340 is crucial for short term. Positional long trades can be initiated above 340 for a target of 350. Trade short below 340 for a target of 270.

Tata Steel

Today, 662 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 670 is crucial for short term. Positional long trades can be initiated above 650 for a target of 700. Trade short below 650 for a target of 620.