Trading
strategies for bank stocks
Below
mentioned are the Intraday Levels along with Near Term Trading Strategies for:
17-Sep-14
S&P CNX NIFTY CMP
7932.90
Near Term: Trend is down on charts whereas next support on charts is expected
around 7880 & 7860.00 Best trading strategy for traders would be sell on
rise
Intraday trading Levels Buy Above: 7961 Resistance 7979 | 8007 | 8053
Sell Below: 7905 Support 7887 | 7859 | 7813
Weekly Levels 8135 Resistance 8152 | 8181 | 8228 Sell Below: 8076 Support 8059
| 8030 | 7983
UNIONBANK CMP 210.10
Near Term: Trend is up on charts best trading strategy would be buy on dips
with a target expected 230.00
Intraday trading Levels Buy Above: 214 Resistance 217 | 221 | 227 Sell
Below: 206 Support 203 | 199 | 193
Weekly Levels 218 Resistance 220 | 224 | 229 Sell Below: 211 Support 209 | 206
| 200
SBIN CMP 2563.10
Near Term: Range bound on charts 2645 - 2525 trade above/below would add
trigger in the direction.
Intraday trading Levels Buy Above: 2585 Resistance 2599 | 2621 | 2657
Sell Below: 2541 Support 2527 | 2505 | 2469
Weekly Levels 2658 Resistance 2674 | 2702 | 2746 Sell Below: 2603 Support 2586
| 2559 | 2515
BANKBARODA CMP 923.15
Near Term: Post sharp rally stock is expected to witness profit booking on rise
whereas support on charts is expected around 905 & 890.00
Intraday trading Levels Buy Above: 933 Resistance 939 | 949 | 965 Sell
Below: 913 Support 907 | 897 | 881
Weekly Levels 960 Resistance 970 | 985 | 1010 Sell Below: 929 Support 919 | 904
| 879
PNB CMP 964.10
Near Term: Trend is bullish on charts, best trading strategy for traders would
be buy on dips with a target expected 1010.00
Intraday trading Levels Buy Above: 976 Resistance 983 | 995 | 1014 Sell
Below: 952 Support 945 | 933 | 914
Weekly Levels 997 Resistance 1005 | 1018 | 1038 Sell Below: 972 Support 964 |
951 | 930
BANKINDIA CMP 285
Near Term: Buy on dips as trend is bullish on charts whereas target expected is
300.00.
Intraday trading Levels Buy Above: 289 Resistance 292 | 296 | 303 Sell
Below: 281 Support 278 | 274 | 267
Weekly Levels 294 Resistance 297 | 300 | 306 Sell Below: 287 Support 285 | 281
| 275