NIFTY TODAY
Today nifty traded in a tight range with negative bias. Nifty resisted strongly around 5330 levels and took support around 5300 levels. Volume was rather good. FII’s were net sellers for 164.29 crores. DII’s were net buyers for 1.09 crores. Market breath was negative with 20 advances and 30declines. Technically an indecisive pattern had formed.
NIFTY TOMORROW
As FII’s turned sellers and expiry approaches, we should be very careful at higher levels. For past two trading session nifty had tested 5300 levels. This should not be overlooked! 5275 is significant level to be watched for tomorrow trade. Below this nifty may weaken. Let’s see what happens.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5323
SELL BELOW 5320 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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