Technical Outlook, 01 March 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10535 is the crucial intraday level for Nifty.

If Nifty sustains below 10535, then it could test 10450 and below that level it could test 10400.

Instead, if Nifty trades above 10535, then it could test 10565.

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, 10550 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10550, then it could test 10460 and below that level it could test 10410. 

Instead, if Nifty futures trades above 10550, then it could test 10580.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10550. 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, 34300 is the crucial intraday level for Sensex.

If Sensex sustains below 34300, then it could test 34000 and below that level it could test 33800.

Instead, if Sensex trades above 34300, then it could test 34450.

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 24900 and below that level it could test 24700.

Instead, if Bank Nifty trades above 25200 then it could test 25300.

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, 12900 is the crucial intraday level.

If Cnx IT sustains above 12900, then it could test 13100.
Instead, if Cnx IT trades below 12900 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 920.

SBI

Today, 272 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 272 is crucial for short term. Positional long trades can be initiated above 272 for a target of 280. Trade short below 272 for a target of 250.

Axis Bank

Today, 535 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 535 is crucial for short term. Positional long trades can be initiated above 535 for a target of 550. Trade short below 535 for a target of 500.

Icici Bank

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.

Tata Steel

Today, 685 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 685 is crucial for short term. Positional long trades can be initiated above 685 for a target of 700. Trade short below 685 for a target of 640.