NIFTY TODAY
Today nifty traded in a tight range with positive bias. Volume was not good. FII’s were net sellers for 657.23 crores. DII’s were net buyers for 721.15 crores. Market breath was positive with 29 advances and 21 declines. Today the 4950 levels acted as a gravity centre for nifty.
NIFTY TOMORROW
For tomorrow trade the 4950 levels would be a significant level to be watched. Below 4850 nifty may further weaken. As FII’s started selling we should be careful at higher levels. As tomorrow is the last trading day for this week I expect a wide range trade on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4960 T1 – 4985. T2 – 5010, T3 – 5040 STOPLOSS – 4945
SELL BELOW 4945 T1 – 4922, T2 – 4900, T3 – 4875 STOPLOSS – 4960
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