NIFTY TODAY
Today nifty traded in wide range with positive bias and closed above 5050 levels. Volume was rather good. Market breath was positive with 46 advances and 4 declines. FII’s were net buyers for 244.76 crores. DII’s were net sellers for 105.19 crores. Nifty futures open interest had not significantly increased in tandem with price rise!
NIFTY TOMORROW
For tomorrow trade 5040 and 5115 levels would be crucial levels to be watched. The 5140 levels would be big hurdle for to surpass. As volume was not increased with price rise, we should be careful at higher levels. Tomorrow I expect a tight range trade with positive bias. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5090 T1 – 5115, T2 – 5140, T3 – 5170 STOPLOSS – 5075
SELL BELOW 5075 T1 – 5050, T2 – 5025, T3 – 5000 STOPLOSS – 5090
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