Technical Outlook, 22 March 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10095 is the crucial intraday level for Nifty.

If Nifty sustains below 10095, then it could test 10050 and below that level it could test 9980.

Instead, if Nifty trades above 10095, then it could test 10165.

Short term Technical View of Nifty

For the short term, the level 10000 is crucial. If it sustains below this level, then it is likely to test 9600. Instead, if it trades above 10000, then it is likely to test 10250.

Medium term outlook of Nifty dated on 4 October 2017

The medium term outlook of Nifty would remain bullish if it sustains above 9300. 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, 10110 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10110, then it could test 10060 and below that level it could test 10000. 

Instead, if Nifty futures trades above 10110, then it could test 10185.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10110. 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, 33000 is the crucial intraday level for Sensex.

If Sensex sustains below 33000, then it could test 32800 and below that level it could test 32500.

Instead, if Sensex trades above 33000, then it could test 33150.

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, 23800 is crucial for Intraday.

If Bank Nifty sustains below 23800 then it could test 23600 and below that level it could test 23400.

Instead, if Bank Nifty trades above 23800 then it could test 24050.

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 23000.

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Cnx IT Intraday levels 

Today, 12500 is the crucial intraday level.

If Cnx IT sustains above 12500, then it could test 12600.
Instead, if Cnx IT trades below 12500 then it could test 12400 and below that level it could test 12200.

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

The level 900 is crucial for short term. Positional long trades can be initiated above 900 for a target of 910. Trade short below 900 for a target of 880.

SBI

Today, 240 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 240 is crucial for short term. Positional long trades can be initiated above 240 for a target of 250. Trade short below 240 for a target of 225.

Axis Bank

Today, 510 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 510 is crucial for short term. Positional long trades can be initiated above 510 for a target of 520. Trade short below 510 for a target of 480.

Icici Bank

Today, 278 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 278 is crucial for short term. Positional long trades can be initiated above 278 for a target of 290. Trade short below 278 for a target of 255.

Tata Steel

Today, 570 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 570 is crucial for short term. Positional long trades can be initiated above 570 for a target of 580. Trade short below 570 for a target of 550.