Market Trade Date: 25/07/2018
Nifty BankNifty levels: Indian stock market Nifty settled higher on Tuesday after recovering from the day’s low in the afternoon session. Today Nifty Index made high 11,143.40 and closed at 11,134.30, gains 49.55 points or +0.45%. Price is 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 11,150 during the day.
On a global front, U.S markets closed on an average of -0.01% to +0.79%. European markets closed in green amounting to an average of +0.70% to +0.42%.
Intraday traders may follow the below mentioned levels-
Buy above 11,150 for targets of 11,170/11,200
Sell below : No Sell recommended
In the last trading session, BankNifty lost -33.75 points or -0.12% to close at 26,974.40. BankNifty has strong resistance at 27,125 to 27,140. 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 27,145 during the day.
Buy above 27,145 for targets of 27,200/27,250
Sell below 26,865 for targets of 26,825/26,780
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