NIFTY TODAY
Today’s trade too was volatile and broke the important support 5050 however managed to close above this. It closed just above the crucial support 5090. Nifty found good support around 5040 levels. Volume had decreased comparing to yesterdays trade. FII’s were net sellers for 937.75 crores! DII’s were net buyers for 379.96 crores. FII’s were selling hugely which should not be overlooked! Market breath was negative with 20 advances and 30 declines. Today too technically a stopping pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade around 5085 levels to be watched carefully were today nifty struggled more. Technically in the price chart I do not see more wide range black candles which confirms bear trend. However FII’s turned net sellers, which should not be overlooked. In today’s trade the number of advances in the market breath had increased gradually from 6 to 20. In my sense tomorrow we may see a positive trend. As tomorrow is the last trading session for this week lets see what happens.
NIFTY TIPS
BUY ABOVE 5090, T1 – 5130, T2 – 5160, T3 – 5190 STOPLOSS – 5075
SELL BELOW 5075, T1 – 5050, T2 – 5017, T3 - 4980 STOPLOSS – 5090
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