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Market Trade Date: 18/07/2018

Nifty Trading Strategy:

In the last trading session Nifty closed higher and gains 71.20 points or 0.65%, settle at 11,008.05.  Nifty  has formed bullish harami pattern on daily chart that indicate trend reversal 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, if Intraday trades above 11,020  during the day.

On a global front, U.S markets closed (on 17th July) on a positive note on an average of 0.22 to 0.63%. European markets closed in green amounting to an average of upside 0.24% to 0.80%.

Nifty Trading Strategy

Nifty Trading Strategy

Intraday traders may follow the below mentioned levels-

Buy above 11,020 for targets of 11,040/11,060

Sell below 10,925 for targets of 10,905/10,880

In the last trading session, Bank Nifty gain 328.30 points or 1.23% to close at 27,008.10. BankNifty  has formed bullish engulfing pattern on daily chart that indicate trend reversal 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, if Intraday trades above 27,042  during the day.

Trading Strategy BankNifty

Bank Nifty Trading Strategy

Buy above  27,042 for targets of 27,075/27,120

Sell below 26,650 for targets of 26,615/26,570


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