NIFTY TODAY
Today nifty traded in rather wide range and closed below the crucial support 5140. Nifty struggled to surpass 5190 levels in today’s trade. Volume was low compared to yesterday volume. Market breath was negative with 8 advances and 42 declines. FII’s were net buyers for 20.19 crores. DII’s were net buyers for 20.49 crores.
NIFTY TOMORROW
For tomorrow trade 5160 levels would be a significant level to be watched. In my sense unless nifty surpasses 5225 and closes above 5275 levels, we may not see a bull run. Technically a bearish pattern had formed in the price chart. FII’s buying had come down sharply. So every rise cautious approach is advised. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5140 T1- 5165, T2 – 5190, T3 – 5203 STOPLOSS – 5128
SELL BELOW 5125 T1 – 5100, T2 – 5075, T3 – 5050 STOPLOSS – 5138
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