Technical Outlook, 28 May 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10630 is the crucial intraday level for Nifty.

If Nifty sustains below 10630, then it could test 10600 and below that level it could test 10570.

Instead, if Nifty trades above 10630, then it could test 10670.

Short term Technical View of Nifty

For the short term, the level 10700 is crucial. If it sustains below this level, then it is likely to test 9600. Instead, if it trades above 10700, then it is likely to test 10900.

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, 10625 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10625, then it could test 10595 and below that level it could test 10565. 

Instead, if Nifty futures trades above 10625, then it could test 10665.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10625. 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 10700 for a target of 10100 with a stop at 10800 and trade long above 10700 for a target of 10900 with a stop at 10600.



Sensex - Technical Outlook and Trading Levels

Today, 35000 is the crucial intraday level for Sensex.

If Sensex sustains below 35000, then it could test 34800 and below that level it could test 34700.

Instead, if Sensex trades above 35000, then it could test 35225.

Short term Technical View of Sensex

The level 35300 is crucial for the short term. If it sustains above this level, then it could test 36000 .Instead, if it fails to trade above this level, then it could decline towards 31000 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, 26350 is crucial for Intraday.

If Bank Nifty sustains below 26350 then it could test 26200 and below that level it could test 26100.

Instead, if Bank Nifty trades above 26350 then it could test 26450.

Short term Technical View of Bank Nifty

The level 26450 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 27000 level is likely. Instead, if it could not sustain above 26450, then it could test 23000.

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Cnx IT Intraday levels 

Today, 13850 is the crucial intraday level.

If Cnx IT sustains above 13850, then it could test 14000.
Instead, if Cnx IT trades below 13850 then it could test 13650 and below that level it could test 13500.

Short term Technical View of Cnx IT

The level 14100 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 12800 level. Instead, if it trades above 14100, then it could test 14500.



Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance

Today, 930 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional long trades can be initiated above 930 for a target of 950. Trade short below 930 for a target of 900.

SBI

Today, 270 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 270 is crucial for short term. Positional long trades can be initiated above 270 for a target of 280. Trade short below 270 for a target of 240.

Axis Bank

Today, 540 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 540 is crucial for short term. Positional long trades can be initiated above 540 for a target of 550. Trade short below 540 for a target of 520.

Icici Bank

Today, 300 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 300 is crucial for short term. Positional long trades can be initiated above 300 for a target of 305. Trade short below 300 for a target of 275.

Tata Steel

Today, 575 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 575 is crucial for short term. Positional long trades can be initiated above 577 for a target of 585. Trade short below 575 for a target of 560.