NIFTY TODAY
Today nifty traded in a wide range with positive bias and closed exactly at the March 16th close. Volume was rather good. Market breath was positive with 43 advances and 7 declines. Nifty took a good support around 5140 levels. FII’s were net buyers for 347.80 crores. DII’s were net sellers for 41.43 crores.
NIFTY TOMORROW
For tomorrow trade 5180 and 5225 levels would be a significant level to be watched. I expect a tight range trade with positive bias. Would nifty surpass the psychological level 5200, then we see selling pressure around 5256 levels. cautious at higher levels is advised
NIFTY TIPS
BUY ABOVE 5206 T1 – 5225, T2 – 5256, T3 – 5280 STOPLOSS 5190
SELL BELOW 5190 T1 – 5165, T2 – 5140, T3 – 5115 STOPLOSS 5206
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