Market Trade Date: 27/07/2018
Intraday Nifty Levels: Indian stock markets index Nifty & BankNifty finished at the record closing high on Thursday. NSE Nifty and BankNifty concluding at their respective closing all-time highs of 11,167.3 and 27,406.40. 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 11,170 during the day.
On a global front, U.S markets closed on an average of -1.01% to +0.44%. European markets closed in negative note amounting to an average of +0.06% to +1.83%.
Intraday Traders may follow the below mentioned levels-
Buy above 11,170 for targets of 11,190/11,210
Sell below : 11,125 for targets 11,100/ 11,080
In the last trading session, BankNifty gain +375.10 points or +1.39% on weekly expiry to close at 27,406.40. BankNifty has strong support at 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 27,420 during the day.
Buy above 27,420 for targets of 27,480/27,560
Sell below 27,200 for targets of 27,120/27,000
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