NIFTY TODAY
Today’s trade was volatile. Nifty closed just below the crucial resistant 5130 level. Volume was increased comparing to yesterdays trade. Market breath was negative with 22 advances and 27 declines. FII’s were net sellers for 1589.68 crores! DII’s were net buyers for 691.15 crores. Today nifty had struggled around 5090 levels. Technically a stopping pattern had formed in the nifty price chart.
NIFTY TOMORROW
For tomorrow trade 5130 levels would be a significant level to be watched. Technically to my knowledge we may not see any further down move from here. My only misgiving is that FII’s were huge amount in today’s trade! Still, in my perspective, for tomorrow trade, I expect a wide range trade with positive bias. Lets see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5130 T1 – 5180, T2 – 5203, T3 – 5230 STOPLOSS 5116
SELL BELOW 5110 T1 – 5090, T2 – 5065, T3 – 5036 STOPLOSS 5124
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