Trading Levels:Nifty,Bank Nifty and Jet Airways

By | August 11, 2011

 

 

Nifty Daily

Nifty Opened gap up of 100 Points yesterday Selling Pressure coming on Higher Levels and Unable to close above 5206 levels. Today we should open near 5120 levels. Volatility is at its peak and Buying in Option is not advisable. Sell Options to eat premium.

Test of this upmove will come near 5229 levels if it can close above it and fill the gap.

Stochastic is on verge of giving a Buy

Buy above 5123 Tgt 5151,5160,5198 and 5229

Sell below 5086 TGt 5054,5020 and 4980

Bank Nifty

Bank Nifty broke the levels of 10017 on Tuesday but quickly recovered over it after the Huge gap down we saw.

Bank Nifty is showing good strength on upside and its leading the Nifty.

Stochastic has generated a Buy in BN with its closing above 10463.

Buy above 10516 Tgt  10580 and 10644

Sell below 10393 Tgt 10335,10276

 

 

Jet Airways

Jet Airways have been trading in the range of 390-490 from past 5 months. Trading this range has been quiet good if you are buying around 390 and exiting around 490 as shown in above daily chart.

Stochastic is oversold and Volumes are on lower end near the lower end. Accumulation going on

Today’s Levels

Buy around 412 Tgt 419,425 and 430

Sell below 406 Tgt 398 and 392

From Short term Perspective Initiate Longs near 392 Levels

 

Levels Mentioned are Spot Levels only.

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