NIFTY TODAY
Today nifty futures had a gap up opening and faded today itself. Volume was low. Market breath was negative with 18 advances and 32 declines. FII’s were net sellers for 995.32 crores. DII’s were net buyers for 1107.42 crores. For past four trading sessions nifty was not able to close above the 5000 levels. In nifty futures fresh shorts had initiated. An indecisive pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade 4920 levels would be a significant level to be watched. Below 4850 levels nifty may weaken further. FII’s turned net sellers. Every rise selling pressure sets in. Market is in bearish mood. As the volume was low today I expect a pullback rally tomorrow. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4950 T1 – 4975, T2 – 5000, T3 – 5025 STOPLOSS - 4935
SELL BELOW SELL BELOW 4935 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS – 4950
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