Tuesday, May 18, 2010

NIFTY TODAY
Today too nifty traded in a volatile manner and managed to close above the 5050 levels. Volume was not good. FII’s were net sellers for 439.7 crores. DII’s were net buyers for 326.61 crores. Market breath was neutral with 26 advances and 24 declines. All long day the 5050 level acted as a crucial one. Today too nifty was unable to surpass 5100 levels.
NIFTY TOMORROW
For tomorrow trade the 5050 and 5100 levels would be crucial level to be watched. As FII’s had been selling continually we should careful at higher levels. Technically to my knowledge we may see a wide range trade possibly with positive bias. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5075 T1 – 5100, T2 – 5140, T3 – 5170 STOPLOSS – 5060
SELL BELOW 5050 T1 -5017, T2 – 4985, T3 – 4960 STOPLOSS – 5065
Thanks for visiting!

No comments: