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Wednesday, 26 April 2017

Nifty Technical Analysis and Intraday Calls for April 26

Nifty Technical Analysis

For Intraday trading on Apr 26, please follow the below levels of Nifty:

Resistance Levels: 9330-9355-9385
Support Levels: 9290-9265

Positive above: 9290
Bullish momentum above:9330

Negative below: 9276
Bearish momentum below: 9265

Note; To understand how to use the above Nifty Levels for your intraday stock trades, please refer to the post.

Importance of Market Direction in Intraday Trading

Intraday Calls for Apr 26

Reliance - Buy above 1443, T1 - 1448, T2- 1453, SL- 1429
TCS - Sell below 2294, T1 - 2290, T2 - 2285 , SL - 2315
Cipla - Sell below 548, T1- 546, T2 - 544, SL - 552
Tata Steel -Buy above 458, T1- 460, T2- 461, SL - 454
Bharti Airtel - Buy above 360 , T1 - 362, T2 - 364 SL 353

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, T2 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. 
6. These are level based calls and might not suite individual traders' risk reward criteria.

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 




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


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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