TODAY’S PERFORMANCE
Today the sell call first target didn’t achieved.
STOCK MARKET TODAY
Today too nifty traded in tight range and in negative region. Technically a waiting pattern had formed in the price chart. Volume was rather good. Market breath was negative. FII’s were net buyers for 1700-odd crores!! Yesterday and today FII’s had bought 2600-odd crores.!!!
In today’s intraday price chart a symmetrical triangle had formed in the last half an hour trade and closed nearby the apex of the triangle. If I am correct, tomorrow we may see gap up or down gap opening depend on global cues. To my knowledge I expect breakout at any moment.
STOCK MARKET TREND FOR THURSDAY
FED’s interest rate decision, Sep expiry and inflation going to lead the market tomorrow. In addition. G-20 meeting commences tomorrow. For next two days we should have a cautious approach. I suggest visitors to watch global cues and trade with strict stop loss.
FREE INTRADAY TIPS FOR NIFTY
Technically a waiting pattern had formed in the price chart. As FII’s was buying in huge quantity for past couple of weeks it is very important to watch for the global cues for trade. I suggest visitors to trade with strict stop loss. Here I give levels for both buying and selling.
NIFTY LEVELS
BUY ABOVE - 5013
TARGET 1 - 5060
TARGET 2 - 5094
STOP LOSS - 4985
SELL BELOW - 4940
TARGET 1 - 4880
TARGET 2 - 4840
STOP LOSS - 5002
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