NIFTY TODAY
Today too nifty traded in a tight range with positive bias. Volume was rather good. Market breath was positive with 30 advances and 19 declines and 1 unchanged. Today nifty strongly resisted around 5250 and 5265 levels and had good support around 5230 levels. In the first two hours trade a double top had formed in the price chart. For the past two intraday trading sessions 5230 level acted as gravity. FII’s today bought for 82.96 crores and DII’s had bought for 25.25 crores.
NIFTY TOMORROW
For tomorrow trade 5230 levels would be significant level to watch. Only above 5275levels we may expect an up move. As tomorrow inflation comes out we should watch and trade with levels. Below 5200 levels nifty may turn weak! Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1- 5255, T2 – 5275 T3 – 5303 STOPLOSS – 5215
SELL BELOW 5206 T1 – 5180, T2 – 5160, T3 – 5126, STOP LOSS – 5217
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