In the last trading session, Nifty closed on a positive note at 11023.20 levels, Nifty has formed a bullish Kicker pattern on daily chart 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 action from buyers, if Intraday resistance of 11,046 is broken during the day.
On a global front, U.S markets closed (on 13th July) on a positive note on an average of 0.91-1.39%. European markets closed in green amounting to an average of upside 0.60-1.0%.
Intraday traders may follow the below mentioned levels-
Buy above 11,046 for targets of 11,066/11,085
Sell below 10,999 for targets of 10,978/10,965
Bank Nifty Trading Strategy
Buy above 27,024 for targets of 27,045/27,100
Sell below 26,965 for targets of 26,940/26,900
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