Technical Outlook, 06 April 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10350 is the crucial intraday level for Nifty.

If Nifty sustains below 10350, then it could test 10280 and below that level it could test 10200.

Instead, if Nifty trades above 10350, then it could test 10400.

Short term Technical View of Nifty

For the short term, the level 10500 is crucial. If it sustains below this level, then it is likely to test 9700. Instead, if it trades above 10500, then it is likely to test 10800.

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, 10380 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10380, then it could test 10210 and below that level it could test 10230. 

Instead, if Nifty futures trades above 10380, then it could test 10430.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10380. 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 10390 for a target of 10000 with a stop at 10400 and trade long above 10390 for a target of 105500 with a stop at 10320.



Sensex - Technical Outlook and Trading Levels

Today, 33800 is the crucial intraday level for Sensex.

If Sensex sustains below 33800, then it could test 33400 and below that level it could test 33000.

Instead, if Sensex trades above 33800, then it could test 34000.

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, 24800 is crucial for Intraday.

If Bank Nifty sustains below 24400 then it could test 24650 and below that level it could test 24400.

Instead, if Bank Nifty trades above 24800 then it could test 25000.

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, 12750 is the crucial intraday level.

If Cnx IT sustains above 12750, then it could test 12850.
Instead, if Cnx IT trades below 12750 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, 915 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional long trades can be initiated above 915 for a target of 925. Trade short below 915 for a target of 895.

SBI

Today, 263 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 263 is crucial for short term. Positional long trades can be initiated above 263 for a target of 270. Trade short below 263 for a target of 245.

Axis Bank

Today, 505 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 505 is crucial for short term. Positional long trades can be initiated above 505 for a target of 515. Trade short below 505 for a target of 470.

Icici Bank

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 285. Trade short below 280 for a target of 270.

Tata Steel

Today, 590 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 590 is crucial for short term. Positional long trades can be initiated above 590 for a target of 605. Trade short below 590 for a target of 550.