Below mentioned are the intraday trading levels:


S&PS&P CNX NIFTY CMP 5120.55
Markets are expected to be in a range (5015 - 5190) trade above / below would add trigger in the direction.
Intraday trading Levels Buy Above:  5130 Resistance 5136 | 5146 | 5162 Sell Below: 5111 Support 5105 | 5095 | 5080
              
YESBANK CMP 332.50
Range bound on charts (346 - 318) trade above / below would add trigger in the direction.
Intraday trading Levels Buy Above:  335 Resistance 337 | 339 | 344 Sell Below: 330 Support 328 | 326 | 321
              
COALINDIA CMP 337.90
Near term trend is up on charts whereas stiff resistance is expected at 355, best trading strategy would be buy on dips with a strict stoploss of 329.
Intraday trading Levels Buy Above:  340 Resistance 342 | 344 | 348 Sell Below: 336 Support 334 | 332 | 328
              
HDFCBANK CMP 534.20
Range bound on charts (552 - 526), trade above / below would add trigger in the direction.
Intraday trading Levels Buy Above:  537 Resistance 539 | 542 | 546 Sell Below: 531 Support 530 | 527 | 522


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. If 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 visitwww.nsetoday.com)