Friday, May 6, 2016

Bank Nifty and Nifty levels for buying Selling 6 may 2016

Bank Nifty and Nifty levels for buying Selling 6 may 2016
My buying and selling levels for today with two additional requirements.
1. No trades before 11:30 -12:30 AM
2. Buying/Selling in Nifty and banknifty will be done when both break their levels as this is time of consolidation and false breakout /breakdowns happen  frequently.
Nifty CMP:7695.95
Buy Above 7760
one more risky bet is to buy above 7744 if it continues to trade above that level for 15-20 minutes 
Sell below: 7675
Bank Nifty CMP : 16246
Buy Above 16355

Sell below: 16162


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