Monday, April 26, 2010

NIFTY TODAY
Today nifty traded in a tight range with positive bias. It took good support around 5315 levels and strongly resisted around 5335 levels. Volume was very low!
FII’s were net buyers for 234.23 crores. DII’s were net sellers for 73.69 crores. Market breath was positive with 29 advances and 20 declines.

NIFTY TOMORROW
For the past for three trading sessions, price was rising and volume was decline. This should not be overlooked. So we should be careful at higher levels. Unless nifty surpasses 5383 levels we may not see an up move. For tomorrow trade 5335 levels should be watched carefully.
Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5325
SELL BELOW 5315 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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