NIFTY TODAY
Nifty traded in a tight range with positive bias. Volume was good. FII’
s had bought for 90.44 crores. DII’s bought for 266.76 crores. Market breath was positive with 29 advances and 21 declines. Nifty closed just below the crucial resistant level 5255. Today nifty struggled to around 5245 levels.
NIFTY TOMORROW
As volume was increased comparing to yesterday we may expect nifty to remain in positive region. However fut nifty is in discount which should not be overlooked. For tomorrow trade 5245 levels should be watched carefully. Below 5225 level nifty may weaken and 5203 levels should not be broken for an up move. As tomorrow is the last trade of the week lets see how trade pans out.
NIFTY TIPS
BUY NIFTY 5255 T1 – 5275, T2- 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5225 T1 – 5200, T2 – 5177, T3 – 5158 STOPLOSS – 5240
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