Nifty and bank nifty levels.
Date: 9/12/2012 12:54:00 PM
Nifty on WednesdayToday market traded in a tight range with positive bias and closed above the 5400 levels. Volume was increased compared to previous trade. Market breath was positive with 36 advances and 14 declines. Fii’s were net buyers for 451.19 crores. Dii’s were net sellers for 55.76 crores.
Nifty on ThursdayAs volume increased and Fii’s were net buyers we may expect an up move tomorrow. Technically, I expect selling pressure at every rise. Trading with levels is suggested.
Intraday tips-NiftyBuy above 5438 T1-5462, T2-5483, T3-5505 stoploss-5415
Sell below 5415 T1-5387, T2-5368, T3-5347 stoploss-5438
Bank Nifty on WednesdayToday bank nifty traded in a tight range with positive bias and closed below 10,200 levels. Volume was increased compared to previous trade. Market breath was positive with 9 advances and 3 declines.
Bank Nifty on ThursdayAfter 12 trading sessions bank nifty crossed the 10,200 levels however not able to close above this level. As volume was increased compared to previous trade we may see a good surge in bank nifty tomorrow. The 10,131 levels will a crucial level to be watched for tomorrow trade. Trading with levels is suggested.
Intraday tips-BankniftyBuy above 10,210 T1-10,270, T2-10,336, T3-10,400 stoploss-10,160
Sell below 10,160 T1-10,100, T2-10,040, T3-9,970 stoploss-10,210
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