NIFTY TODAY
Today nifty lost, almost two trading session’s gains that it had made previously. However it managed to close above 5000 levels. Volume was low. Market breath was negative with 4 advances and 46 declines. FII’s were net sellers for 403.45 crores. DII’s were net sellers for 202.51 crores.
NIFTY TOMORROW
For tomorrow trade 4975 and 5050 levels would be crucial levels to be watched. Nifty open interest had increased with price decline; this suggests that fresh short positions had initiated. Any positive news may push nifty above 5100 levels. In contrary any negative news may take nifty below 4950 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5050 T1 – 5075, T2- 5100, T3 – 5125 STOPLOSS – 5035
SELL BELOW 5035 T1- 5005, T2 – 4980, T3 – 4955 STOPLOSS – 5050
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