Technical Outlook, 03 May 2018

Nifty Technical Outlook, Positional & Intraday Trading Levels


Today, 10720 is the crucial intraday level for Nifty.

If Nifty sustains below 10720, then it could test 10680 and below that level it could test 10620.

Instead, if Nifty trades above 10720, then it could test 10780.

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, 10730 is the crucial Intraday Level for Nifty Futures.

If Nifty Futures sustains below 10730, then it could test 10690 and below that level it could test 10640. 

Instead, if Nifty futures trades above 10730, then it could test 10790.

Nifty Futures intraday Trading Strategy

For intraday, the crucial level is 10730. 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, 35200 is the crucial intraday level for Sensex.

If Sensex sustains below 35200, then it could test 35000 and below that level it could test 34800.

Instead, if Sensex trades above 35200, then it could test 35350.

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, 25600 is crucial for Intraday.

If Bank Nifty sustains below 25600 then it could test 25450 and below that level it could test 24300.

Instead, if Bank Nifty trades above 25600 then it could test 25700.

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, 13700 is the crucial intraday level.

If Cnx IT sustains above 13700, then it could test 13800.
Instead, if Cnx IT trades below 13700 then it could test 13500 and below that level it could test 13300.

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

The level 980 is crucial for short term. Positional long trades can be initiated above 980 for a target of 990. Trade short below 980 for a target of 945.

SBI

Today, 245 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 245 is crucial for short term. Positional long trades can be initiated above 245 for a target of 250. Trade short below 245 for a target of 230.

Axis Bank

Today, 528 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 528 is crucial for short term. Positional long trades can be initiated above 528 for a target of 535. Trade short below 528 for a target of 500.

Icici Bank

Today, 283 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 283 is crucial for short term. Positional long trades can be initiated above 283 for a target of 290. Trade short below 283 for a target of 265.

Tata Steel

Today, 577 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 577 is crucial for short term. Positional long trades can be initiated above 577 for a target of 585. Trade short below 577 for a target of 550.