Below mentioned are the intraday trading levels.

NSE INDEX CMP 5412.35

As expected index touched 5424 & closed at the top; on charts trade above this level once again would open doors for 5485.

Intraday trading Levels Buy Above: 5432 Resistance 5445 | 5465 | 5497 Sell Below: 5392 Support 5380 | 5360 | 5328

GAIL CMP 389.15

Stock has given a positive breakout on charts; traders strategy for near term would be buy at dips as stock is expected to close above 410 very soon.

Intraday trading Levels Buy Above: 391 Resistance 393 | 395 | 399 Sell Below: 387 Support 385 | 383 | 379

                                                                                                                                                                                                                                              
TATASTEEL CMP 452.15

Strong support at 431; near term trend is up; traders strategy would be buy at dips….

Intraday trading Levels Buy Above: 456 Resistance 458 | 461 | 467 Sell Below: 449 Support 447 | 443 | 438

                                                                                                                                                                                                                                              
JINDALSTEEL CMP 603.30

Trend is up; traders strategy would be buy at dips….

Intraday trading Levels Buy Above: 610 Resistance 615 | 621 | 633 Sell Below: 596 Support 592 | 585 | 574

 

How to read these levels

·         Please do not trade for the first 15 minutes in the opening of the market.

·         These levels would work only on National Stock Exchange

·         In first 15 minutes of trade if both the sides target has been achieved than don’t trade that stock

·         In first 15 minutes please check if any one side of the levels is achieved and it is crossing yesterday

          close than kindly follow the below mentioned combinations

 

1.       If Sell below is achieved than expect Buy Above 2nd target

2.       If Sell Below 1st Target Is Achieved than expect Buy Above 1st target

3.       If Sell Below 2st Target Is Achieved than expect Buy Above 2nd target

4.       If Sell Below 3rd Target Is Achieved than expect Yesterday’s Close

5.       Sell Below 3rd Target is broken than Don’t Touch the stock

6.       If Buy Above Is Achieved than expect Sell Below 2nd target

7.       If Buy Above 1st Target Is Achieved than expect Sell Below 1st target

8.       If Buy Above 2st Target Is Achieved than expect Sell Below 2nd target

9.       If Buy Above 3rd Target Is Achieved than expect Yesterday’s Close

10.   Buy Above 3rd Target is broken than Don’t Touch the stock

 

Disclaimer: We & our clients do not carry any positions in the above mentioned stocks / indices, however we may trade / advise the above said for trading to our clients

 

(Ravi Nathani is a Mumbai based Technical Analyst for more details visit www.nsetoday.com)