Nifty and bank nifty levels.
Author :
Santhanam Sudhakar
Blog :subhasharecare
Date: 9/6/2012 3:38:00 AM
Nifty on Wednesday
Nifty traded in a tight volume with a negative bias and closed below the 5258 levels. Volume was increased compred to previous trade. Market breath was negative with 9 advances and 41 declines. Fii’s were net sellers for 188.65 crores. Dii’s were net sellers for 166.28 crores. Nifty on Thursday
As nifty closed below the crucial 5258 levels I expect an downside move today. The 5190 will be a crucial support for nifty today. Trading with strict stop loss is suggested. Intraday tips
Buy above 5240 T1-5258, T2-5280, T3-5303 stoploss-5227 Sell below 5227 T1-5205, T2-5190, T3-5165, stoploss-5240 Bank Nifty on Wednesday
Banknifty traded in a wide range with negative bias and closed below the 9,900 levels. Volume was increased compared to previous trade. Market breath was negative with 1 advances and 11 declines. Bank Nifty on Thursday
Banknifty broken the crucial support 9,950 levels. We may expect further selling as volume was increased. Trading with levels is suggested. Intraday tips
Buy above 9,835 T1-9,870, T2-9,917, T3-9,967, stoploss-9,800 Sell below 9,800 T1-9,764, T2-9701, T3-9,642, stoploss-9,835 SUBSCRIPTION DETAILS.
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