Technical Outlook, 18 April 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10580 is the crucial intraday level for Nifty.

If Nifty sustains below 10580, then it could test 10550 and below that level it could test 10500.

Instead, if Nifty trades above 10580, then it could test 10610.

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 9600. 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, 10585 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10585, then it could test 10555 and below that level it could test 10500. 

Instead, if Nifty futures trades above 10585, then it could test 10615.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10585. Trade short below this level and trade long above this level.

Nifty Futures Positional Trading Strategy- 13 April 2018

Positional shorts can be initiated if it fails to sustain above 10650 for a target of 10600 with a stop at 10800 and trade long above 10650 for a target of 10700 with a stop at 10000.



Sensex - Technical Outlook and Trading Levels

Today, 34500 is the crucial intraday level for Sensex.

If Sensex sustains below 34500, then it could test 34400 and below that level it could test 34200.

Instead, if Sensex trades above 34500, then it could test 34600.

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, 25400 is crucial for Intraday.

If Bank Nifty sustains below 25400 then it could test 25200 and below that level it could test 25100.

Instead, if Bank Nifty trades above 25400 then it could test 25480.

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, 13250 is the crucial intraday level.

If Cnx IT sustains above 13250, then it could test 13350.
Instead, if Cnx IT trades below 13250 then it could test 13100 and below that level it could test 13000.

Short term Technical View of Cnx IT

The level 13600 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 12000 level. Instead, if it trades above 13600, 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 955. Trade short below 940 for a target of 895.

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 263. Trade short below 255 for a target of 245.

Axis Bank

Today, 530 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 530 is crucial for short term. Positional long trades can be initiated above 530 for a target of 545. Trade short below 530 for a target of 520.

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 295. Trade short below 290 for a target of 275.

Tata Steel

Today, 600 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 600 is crucial for short term. Positional long trades can be initiated above 600 for a target of 610. Trade short below 600 for a target of 570.