Nifty and bank nifty trading levels.
Author :
Santhanam Sudhakar
Blog :subhasharecare
Date: 9/22/2012 12:56:00 PM
Nifty trading on Friday
Today nifty traded in a wide range with positive bias and closed just below the 5700 levels. Volume was increased compared to previous trade. Market breath was positive with 45 advances and 4 declines and 1 unchanged. Fii’s were net buyers for 2327.82 crores. Dii’s were net sellers for 1127.28 crores. Nifty trading on Monday
As Fii’s were net buyers we may expect an up move on Monday. Technically, in my perspective we should be cautious at every rise. Trading with strict stop loss and sticking to levels is suggested. Intraday trading tips-Nifty
Buy above 5720 T1-5755, T2-5785, T3-5804 stoploss-5706
Sell below 5706 T1-5680, T2-5651, T3-5624 stoploss-5720 Bank Nifty trading on Friday
Bank nifty trade in a very wide range with positive bias and closed above the 11,300 levels. Volume was increased compared to previous trade. Market breath was positive with 12 advances. Bank Nifty trading on Monday
In one trading session bank nifty rallied 400 points. Already it has gap up openings and considering these I expect selling pressure at higher levels. Trading with strict stoploss and sticking to levels is suggested. Intraday trading tips-Banknifty
Buy above 11,400 T1-11,483, T2-11,564, T3-11,614 stoploss-11,350
Sell below 11,350 T1-11,243, T-11,170, T3-11,040 stoploss-11,400 SUBSCRIPTION DETAILS.
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