Technical Outlook, 03 April 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10230 is the crucial intraday level for Nifty.

If Nifty sustains below 10230, then it could test 10170 and below that level it could test 10080.

Instead, if Nifty trades above 10230, then it could test 10320.

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 9700. 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, 10300 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10300, then it could test 10240 and below that level it could test 10150. 

Instead, if Nifty futures trades above 10300, then it could test 10370.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10300. 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 10300 for a target of 10000 with a stop at 10400 and trade long above 10300 for a target of 10800 with a stop at 10200.



Sensex - Technical Outlook and Trading Levels

Today, 33350 is the crucial intraday level for Sensex.

If Sensex sustains below 33350, then it could test 33080 and below that level it could test 32900.

Instead, if Sensex trades above 33350, then it could test 33660.

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, 24400 is crucial for Intraday.

If Bank Nifty sustains below 24400 then it could test 24150 and below that level it could test 23850.

Instead, if Bank Nifty trades above 24400 then it could test 24550.

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, 12700 is the crucial intraday level.

If Cnx IT sustains above 12700, then it could test 12800.
Instead, if Cnx IT trades below 12700 then it could test 12550 and below that level it could test 12450.

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 870.

SBI

Today, 255 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 255 is crucial for short term. Positional long trades can be initiated above 255 for a target of 265. Trade short below 255 for a target of 235.

Axis Bank

Today, 495 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 495 is crucial for short term. Positional long trades can be initiated above 495 for a target of 520. Trade short below 495 for a target of 470.

Icici Bank

Today, 265 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 265 is crucial for short term. Positional long trades can be initiated above 265 for a target of 275. Trade short below 265 for a target of 255.

Tata Steel

Today, 580 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 580 is crucial for short term. Positional long trades can be initiated above 580 for a target of 590. Trade short below 580 for a target of 550.