NIFTY TECHNICAL OUTLOOK: Nifty Intraday Tips, Nifty Trend, Bank Nifty Levels Today 6 Sept
Bank Nifty closed below two very strong EMA i.e. 100 DEMA & 200DEMA. For BNF on upside immediate resistance comes around 9950-9980. It looks is weak as long as it stays below 100 & 200 DEMA and levels 10208-10276. It is looking Banknifty is highly oversold in Daily chart.
NIFTY (Spot) Trend Today- Nifty has given weak closing yesterday. Nifty is having strong resistance at 5231 for intraday. Staying below 5231 spot Nifty will face fresh selling pressure and may drift down towards 5178.8 to 5152.6 We expect it will close below 5231. While if it holds above 5231 spot Nifty will try to move upwards around 5248 to 5284.9 levels.
Bank Nifty closed below two very strong EMA i.e. 100 DEMA & 200DEMA. For BNF on upside immediate resistance comes around 9950-9980. It looks is weak as long as it stays below 100 & 200 DEMA and levels 10208-10276. It is looking Banknifty is highly oversold in Daily chart.
NIFTY (Spot) Trend Today- Nifty has given weak closing yesterday. Nifty is having strong resistance at 5231 for intraday. Staying below 5231 spot Nifty will face fresh selling pressure and may drift down towards 5178.8 to 5152.6 We expect it will close below 5231. While if it holds above 5231 spot Nifty will try to move upwards around 5248 to 5284.9 levels.
NSE INTRADAY TRADING TIPS TODAY:
1) TCS : Buy above- 1,370 Target1- 1,390 Target2- 1,400 Stop Loss- 1,359.
2) Godrej Industries : Buy above- 250 Target1- 254 - 256 Stop Loss- 248.
3) Coal India : Buy for Target1- 365 Target2- 369 Stop Loss- 352.
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