Wednesday, May 19, 2010

NIFTY TODAY
Today nifty traded in a wide range with negative bias and closed below 5000 levels. Volume was good. FII’s were huge sellers for today they sold for 1383.91 crores. DII’s were net buyers for 56.35 crores. Market breath was negative with 3 advances and 47 declines.
NIFTY TOMORROW
For tomorrow trade 4850 levels would be a crucial level to be watched. Below this level nifty may weaken further. As today market had failed to close above the 5100 levels and FII’s huge selling, I have a misgiving that whether the market is under bears control? Let’s see what happens tomorrow!
NIFTY TIPS
BUY ABOVE 4935 T1 – 4960, T2 – 4985, T3 – 5008 STOPLOSS 4922
SELL BELOW 4922 T1 – 4900, T2 – 4875, T3 – 4850 STOPLOSS 4935
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