NIFTY TODAY
Today nifty trade rather in a wide range with negative bias and closed below the 5000 levels. Volume was increased compared to previous day. Market breath was negative with 14 advances and 36 declines. FII’s were net sellers for 242.91 crores. DII’s were net buyers for 41.09 crores. Open interest in nifty had increased with price decline.
NIFTY TOMORROW
For tomorrow trade 5050 and 4950 levels would significant levels to be watched. As open interest had increased any positive news may push nifty to 5100 levels and above. In contrary any negative news may take nifty n\below 4850 levels. Below 4850 levels nifty may weaken further. Technically, to my knowledge, I expect nifty would trade in a positive region tomorrow. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5020 T1 – 5050, T2 – 5075, T3 – 5100 STOPLOSS – 5005
SELL BELOW 5005 T1 – 4975, T2 – 4950, T3 – 4925 STOPLOSS – 5020
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