NIFTY TODAY
Today nifty traded in a wide range and closed in a narrow range with positive bias. Volume was very good. Today nifty surpassed the crucial 5275 levels but could not able to sustain above this however managed to close above 5255 levels. FII’s were net buyers for 518.3 crores. DII’s too were net buyers for 181.86 crore. Market breath was negative with 21 advances and 29 declines! This should not be overlooked. Today nifty had a good support around 5230 levels. Today market surprised the traders with a good up move however could not able to keep it up!
NIFTY TOMORROW
For tomorrow trade too 5230 levels should be watched carefully as the market breath was negative and the market behaved today was not promising. 5255 and 5275 levels should have to be surpassed to see strong up move. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5255 T1 – 5275, T2 – 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5230 T1 – 5200 T2 – 5180, T 3 – 5160 STOPLOSS – 5245
Thanks for visiting!