Nifty and Bank Nifty Technical Analysis for 26 Sept’13

Nifty as on 25 Sept’13– 5873.85 (-18.60)    Bank Nifty as on 25 Sept’13– 10081.70 (-94.20)

No, we are not out of the market; only running little busy. Sorry for inconvenience.

From last three sessions market is moving extremely volatile way, I would say it is the phase when trader is bound to take wrong decision, and bound to get trap (we are also one in your party). But that is how market is.

Today (26 Sept’13) is expiry day, and looking at recent price action it seems that this session could be one more volatile session of the week, and who knows who has to bear more pain.

Nifty Daily Trading Strategy

If as a trader you enjoy playing volatility, then take long position with stop loss of 5870, and if Nifty turns weak then shorts can be taken below 5830 levels.

Bank Nifty Daily Trading Strategy

It seems that big surprise lies under Bank Nifty. Fresh longs can be taken above 10275 levels, and shorts with stop loss of 10170.

Frankly, if you ask us what is our call on market, than we don’t have any conclusive answer, at least for expiry day, because here many factors play the game. We would prefer to play with pivot trading only.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

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