How to trade Nifty and Banknifty - 23/8/2017

23/8/17.6.00 AM

Since all world market ended in green, I prefer to go long in Index rather than individual scrip. A gap up above yesterday's high is bullish sign.

I look for the target of 9872 and 9903 in spot level. If I am able to get nifty future around 9830 level, I will buy at 9.15 am itself.  If I am able to get Bank nifty around 24120 level in future I will buy and look for the target around 24270, 24370 levels.

Individual scrip I look to buy ICICI bank around 295 levels in future for the target of 299, 303.

Good Luck