Technical Outlook, 27 February 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10640 is the crucial intraday level for Nifty.

If Nifty sustains below 10640, then it could test 10570 and below that level it could test 10530.

Instead, if Nifty trades above 10640, then it could test 10700.

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, 10650 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10650, then it could test 10570 and below that level it could test 10530. 

Instead, if Nifty futures trades above 10650, then it could test 10700.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10650. 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, 34650 is the crucial intraday level for Sensex.

If Sensex sustains below 34650, then it could test 34250 and below that level it could test 34100.

Instead, if Sensex trades above 34650, then it could test 34850.

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, 25750 is crucial for Intraday.

If Bank Nifty sustains below 25750 then it could test 25600 and below that level it could test 25350.

Instead, if Bank Nifty trades above 25750 then it could test 25850.

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 13100.
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, 960 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional long trades can be initiated above 960 for a target of 980. Trade short below 960 for a target of 900.

SBI

Today, 280 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 280 is crucial for short term. Positional long trades can be initiated above 280 for a target of 295. Trade short below 280 for a target of 250.

Axis Bank

Today, 555 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 555 is crucial for short term. Positional long trades can be initiated above 555 for a target of 565. Trade short below 555 for a target of 520.

Icici Bank

Today, 329 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 329 is crucial for short term. Positional long trades can be initiated above 329 for a target of 340. Trade short below 329 for a target of 315.

Tata Steel

Today, 690 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 690 is crucial for short term. Positional long trades can be initiated above 690 for a target of 705. Trade short below 690 for a target of 650.