Technical Outlook, 12 April 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10430 is the crucial intraday level for Nifty.

If Nifty sustains below 10430, then it could test 10350 and below that level it could test 10300.

Instead, if Nifty trades above 10430, then it could test 10470.

Short term Technical View of Nifty

For the short term, the level 10650 is crucial. If it sustains below this level, then it is likely to test 9700. Instead, if it trades above 10650, 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, 10440 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10440, then it could test 10360 and below that level it could test 10310. 

Instead, if Nifty futures trades above 10440, then it could test 10480.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10440. 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 above 10500 for a target of 10100 with a stop at 10550 and trade long above 10500 for a target of 10450 with a stop at 10800.



Sensex - Technical Outlook and Trading Levels

Today, 33950 is the crucial intraday level for Sensex.

If Sensex sustains below 33950, then it could test 33800 and below that level it could test 33600.

Instead, if Sensex trades above 33950, then it could test 34200.

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 25400.

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, 12800 is the crucial intraday level.

If Cnx IT sustains above 12800, then it could test 12900.
Instead, if Cnx IT trades below 12800 then it could test 12700 and below that level it could test 12600.

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

The level 940 is crucial for short term. Positional long trades can be initiated above 940 for a target of 950. Trade short below 940 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, 545 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 545 is crucial for short term. Positional long trades can be initiated above 545 for a target of 560. Trade short below 545 for a target of 535.

Icici Bank

Today, 290 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 290 is crucial for short term. Positional long trades can be initiated above 290 for a target of 300. Trade short below 290 for a target of 275.

Tata Steel

Today, 610 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 610 is crucial for short term. Positional long trades can be initiated above 610 for a target of 630. Trade short below 610 for a target of 580.