NIFTY TODAY
Today market traded in tight range with positive bias. Nifty had good support around 5200 levels and resisted around 5255 levels. In addition, it managed to close above the today’s resistant 5220 levels. Volume was good comparing to yesterdays volume. Market breath was positive with 35 advances and 15 declines. FII’s were net sellers for second day. They sold 156.65 crores. DII’s were net buyers for 101.28 crore.
NIFTY TOMORROW
Again we should be cautious at higher levels until nifty crosses 5275 levels with good volume. 5160 levels should be watched carefully for tomorrow trade, because, crucial support exits at this levels. FII’s selling bothers me! Tomorrow I expect some action in the market on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1 – 5255, T2 – 5275, T3 – 5303 STOPLOSS – 5203
SELL BELOW 5203 T1 – 5180, T2 – 5160, T3 – 5126 STOPLOSS – 5220
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