Nifty and bank nifty levels.
Date: 9/6/2012 3:38:00 AM
Nifty on WednesdayNifty 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 ThursdayAs 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 tipsBuy above 5240 T1-5258, T2-5280, T3-5303 stoploss-5227 Sell below 5227 T1-5205, T2-5190, T3-5165, stoploss-5240
Bank Nifty on WednesdayBanknifty 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 ThursdayBanknifty broken the crucial support 9,950 levels. We may expect further selling as volume was increased. Trading with levels is suggested.
Intraday tipsBuy 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
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