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Market Trade Date: 20/07/2018

Trading Strategy Nifty

In the last trading session Nifty closed in red and lost 23.35 points or -0.21%, settle at 10,957.10.  Nifty  has strong resistance at 11,000 to 11,010, but 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 11,010  during the day.

On a global front, U.S markets closed (on 19th July) on a negative note on an average of -0.37% to -0.53%. European markets closed in mixed from red to minor green amounting to an average of -0.62% to +0.10%.

trading strategy for nifty

Nifty Trading Strategy

Intraday traders may follow the below mentioned levels-

Buy above 11,010 for targets of 11,030/11,040

Sell below 10,935 for targets of 10,915/10,890

In the last trading session, Bank Nifty lost -91.25 points or -0.34% to close at 26,789.65. BankNifty  has   strong resistance at 27000 to 27030. Banknifty 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 27,030  during the day.

Bank Nifty Trading Strategy

Bank Nifty Trading Strategy

Buy above  27,030 for targets of 27,065/27,130

Sell below 26,730 for targets of 26,685/26,550


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