Nifty and bank nifty trading levels.
Date: 9/25/2012 1:01:00 PM
Nifty trading on tuesdayToday nifty traded in a tight range with rather negative bias and closed below the 5700 levels. Volume was increased compared to previous trade. Market breath was negative with 23 advances and 27 declines. Fii’ were huge buyers for 5845.58 crores. Dii’s were net sellers for 1374.11 crores.
Nifty trading on WednesdayAs Fii’s were huge buyers on Tuesday we may expect an up move on Wednesday. As past twotrading session’s nifty was trading in an indecisive manner, the direction of nifty movement will be drastic in coming days. Trading with strict stop loss and sticking to levels is suggested.
Intraday trading tips-NiftyBuy above 5700 T1-5720, T2-5755, T3-5785 stoploss-5680
Sell below 5680 T1-5651, T2-5624,T3-5600 stoploss-5700
Bank Nifty trading on TuesdayToday bank nifty traded in a tight range with negative bias and closed above the 11,400 levels. Volume was increased compared to previous trade. Market breath was positive with 8 advances and 4 declines.
Bank Nifty trading on WednesdayBank nifty was trading in a indecisive manner for past two trading sessions we should be cautious on our trades. Trading with strict stop loss and sticking to levels is suggested.
Intraday trading tips-BankniftyBuy above 11,483 T1-11,564, T2- 11,614 stoploss-11,433
Sell below 11,433 T1-11,350, T2-11,243, T3-11,170 stoploss-11,483
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