NIFTY TODAY
Today nifty traded in a wide range with negative bias and closed below 5000 levels. Volume was good. Market breath was negative with 6 advances and 44 declines. FII’s were net sellers for 526.49 crores. DII’s were net buyers for 210.62 crores.
NIFTY TOMORROW
For tomorrow trade 4945 and 5050 levels would be crucial levels to be watched. As open interest in the nifty futures had increased with price decline suggest that fresh shorts had created. So we should be careful at higher levels and any positive news may take nifty above 5100 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 4990 T1 – 5020, T2 – 5050, T3 – 5075 STOPLOSS – 4975
SELL BELOW 4975 T1 – 4945, T2 – 4915, T3 – 4885 STOPLOSS – 4990
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