NIFTY TODAY
Today too nifty traded in tight range with positive bias and managed to close above the 5170 levels. Volume was not good. The 5190 level acted as strong resistance and 5140 levels as a good support today. Market breath was positive with 34 advances and 15 declines. FII’s were net sellers for 15.57 crores. DII’s were net buyers for 222.4 crores.
NIFTY TOMORROW
As tomorrow is the last trading day of this week I feel it would be a trend deciding day. For tomorrow trade 5190 levels would be a significant level to be watched. Around 5200 levels selling pressure sets in. above 5225 we may see an up move. Would tomorrow nifty close above 5300 levels then we can consider that bulls are still intact. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5190 T1 – 5225, T2 – 5255, T3 – 5275 STOPLOSS – 5175
SELL BELOW 5170 T1 – 5140, T2 – 5115, T3 – 5080 STOPLOSS – 5185
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