Market Trade Date: 24/07/2018
Nifty Bank Nifty levels: Nifty hits 6-months closing high In the last trading session closed at 11,084.75, gains 74.55 points or +0.68%. It is closed above resistance at 11,080, and closed above its 20 day SMA and 10 Day SMA. Closing above 20-Day SMA indicates a strong closing and may require a quick buy action, if trades above 11,095 during the day.
On a global front, European markets closed in red amounting to an average of -0.26% to -0.57%.
Intraday traders may follow the below mentioned levels-
Buy above 11,095 for targets of 11,125/11,150
Sell below : No Sell recommended
In the last trading session, Bank Nifty gain +134.95 points or +0.50% to close at 27,008.15. BankNifty has strong resistance at 27,180 to 27,200. Banknifty closed above its 20 day SMA and 10 Day SMA. Closing above 20-Day SMA indicates a strong closing. Go long if trades above 27,045 during the day.
Buy above 27,045 for targets of 27,100/27,200
Sell below 26,670 for targets of 26,625/26,550
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