Nifty Technical Analysis and Intraday Calls for Sep 30

Nifty Technical Analysis

Nifty should cross 7960 to remain positive on Sep 30. 8000 is the next resistance, if broken next target will be 8040. Support is at 7900, below which heavy profit booking could happen.

For Intraday trading on Sep 30, please follow the below levels of Nifty:

Resistance Levels: 8000-40

Support Levels: 7930-7900

Positive above: 7960

Bullish momentum above:8000

Negative below: 7930

Bearish momentum below: 7900

Intraday Calls for Sep 30

Scrip	Action	Above	Below	T1	T2	SL
TCS	Buy	2800		2810	2830	2770
Cipla	Buy	623		625	627	614
Maruti	Buy	3030		3040	3050	3010
Infosys	Buy	3760		3770	3780	3745
LT	Buy	1488		1492	1496	1465
SSLT	Sell		271	270	269	273
Axis Bank	Sell		383	382	380	386
ICICI Bank	Sell		1445	1440	1435	1455
Hero Motors	Sell		2830	2820	2805	2855
Tata Steel	Sell		464	463	462	467

Notes:

1. All levels are in cash. Please trade accordingly in futures
2. Buy above or sell below the levels given for a target of T1, T1 with strict SL.
3. Those who are trading in futures, please trade with 2 lots and book profits at T1.
4. Buy or Sell here does not indicate that the stock is positive or negative for the day.
   The calls are valid only if the levels are crossed.

5. Do not enter the trade if the target T1 is achieved within 15 minutes of opening.
 

Please take positions only after 9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported  by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created. 

For Past Performance of Pre-market Calls , please visit 

Performance

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Importance of Market Direction in Intraday Trading

Please refer to our unique Intraday Trading Systems to generate your own trading calls. 

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Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade. 

All the views and content mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome. 

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Posted in: Intraday,Technical Analysis