YESTERDAY CALL
Yesterday given calls came down below the level were I asked to initiate selling, but not achieved targets!
NIFTY TODAY
Today had a gap up opening and faded today itself. Nifty broke the good support 5301 and also closed below this level. For past 7 trading session nifty had managed to trade above 5301 levels. Volume was good. FII’s were still buyers. They had bought 99.7 crores. DII’s were net sellers for 76.87 crores. Market breath was negative with 17 advances and 33 declines. Today 5327 levels had acted as a good support but could not withstand more than one hour.
NIFTY TOMORROW
As FII’s were still remained net buyers I could not advocate selling in nifty. In addition tomorrow is the last trading day for this week, we have to wait and watch how market behaves. For tomorrow’s trade 5274 levels should watch carefully. In my sense this level would be like a gate way for further upside or downside move going forward. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5301 T1 – 5327, T2 - 5355 STOP LOSS – 5288
SELL BELOW 5284 T1 – 5268, T2 – 5245 STOP LOSS – 5301
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