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NIFTY INTRADAY LEVELS FOR 23rd JAN


2640 - THE ULTIMATE SUPP could be tested today, and if we dont break 2640, i will try intraday longs with the same SL.


another good trade would be buy crossing 2690 for definate 25-30 points profits.


yesterday(22nd) i booked out of shorts, and will open next round of positional shorts only if we break 2640 levels.till then will try some contarian INTRADAY longs.


not breaking 2640 in the next 2 sessions may pull up nifty towards 2820 as well, and thats another level where positional shorts may be tried.


one thing to note is.. i am not stressing on shorts for today, after a gap down, it will not be safe to short.


so 2640 & 2690 will be the key for today's intra trades.


(60 min Intraday chart attached, All Future Levels)