NIFTY TODAY
Today nifty traded in tight range with positive bias. Nifty strongly resisted around 5170 levels and managed to close above the crucial support level 5140. Volume was rather good. FII’s were net sellers for 297.23 crores. DII’s were net buyers for 180.42 crores. Market breath was positive with 30 advances and 20 declines.
NIFTY TOMORROW
For tomorrow trade 5170 levels significant level to be watched. As FII’s turned net sellers, cautious approach is needed at higher levels. Below 5140 levels bearish mood may set in, I feel so. Trading with strict stop loss and booking profits now and then is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5170 T1 – 5203, T2 – 5230, T3 – 5260 STOPLOSS – 5155
SELL BELOW 5155 T1 – 5125, T2 – 5098, T3 – 5075 STOPLOSS – 5170
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