Thursday, June 3, 2010

NIFTY TODAY
Today nifty traded in a wide range with positive bias and managed to close above the 5100 levels. Volume was rather good. Market breath was positive with 49 advances and one decline. FII’s were net buyers for 406.22 crores. DII’s were net buyers for 79.01 crores.
NIFTY TOMORROW
For tomorrow trade 5100 levels and 5140 levels would be crucial levels to be watched. Around 5180 levels nifty may see huge selling pressure. Above 5140 levels we may see an up move up to 5200 levels. As today, nifty tested 5100 levels for several times, for tomorrow, below this level may nifty weaken. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5120 T1 – 5145, T2 – 5170, T3 – 5200 STOPLOSS – 5105
SELL BELOW 5100 T1 – 5075, T2 – 5050, T3 – 5025 STOPLOSS – 5115
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