NIFTY TODAY
Today nifty traded in a tight range with positive bias and managed to close at 5000 levels. Today nifty futures ended in premium. However open interest had come down sharply. This should not be overlooked! Volume was rather good. Market breath was positive with 34 advances and 16 declines.
NIFTY TOMORROW
For tomorrow trade, again 5050 and 4950 levels significant levels to be watched. Past two days spot nifty took good support around 4980 levels and resisted around 5020 levels. Technically, to my knowledge, I expect nifty to trade in a wide range with positive bias. 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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