Monday, January 17, 2011

NIFTY TODAY
Today nifty traded in a tight range with positive bias and closed above the 5650 levels. Volume was low compared to previous trade. Market breath was negative with 20 advances and 30 declines. FII’s were net sellers for 173 crores. DII’s were net buyers for 359.82 crores.
NIFTY TOMORROW
Global cues would lead the market tomorrow. As FII’s were net sellers we should be careful at higher levels. As nifty had been sliding for past several days I expect an up move tomorrow. The 5750 levels would be crucial levels to be watched for tomorrow trade.
NIFTY TIPS
BUY ABOVE 5680 T1 – 5710, T2 – 5740, T3 – 5770 STOPLOSS – 5660
SELL BELOW 5660 T1 – 5630, T2 – 5600, T3 – 5570 STOPLOSS – 5680
BANK NIFTY TODAY
Today bank nifty traded in a tight range with negative bias and closed below the 10,500 levels. Volume was low compared to previous trade. Market breath was positive with 8 advances and 4 declines.
BANK NIFTY TOMORROW
The 10,400 levels would be crucial levels to be watched for tomorrow trade. Technically I expect an up move tomorrow.
BANK NIFTY TIPS
BUY ABOVE 10,500 T1 – 10,560, T2 – 10,620, T3 – 10,680 STOPLOSS 10,440 T1 – 10,380, T2 – 10,320, T3 – 10260 STOPLOSS – 10,500



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