Monday, February 7, 2011

NIFTY TODAY
Today nifty traded in a tight range with negative bias and closed below the 5400 levels. Volume was low compared to previous trade. Market breath was positive with 29 advances and 21 declines. FII’s were net sellers for 65.47 crores. DII’s were net sellers for 12.4 crores.
NIFTY TOMORROW
Global cues would lead the market tomorrow. Though FII’s were net sellers and nifty closed below the 5400 levels technically I expect an up move tomorrow. The 5400 levels would be crucial level to be watched for tomorrow trade.
NIFTY TIPS
BUY ABOVE 5420 T1 – 5450, T2 – 5480, T3 – 5510 STOPLOSS – 5400
SELL BELOW 5400 T1 – 5360, T2 – 5330, T3 – 5300 STOPLOSS – 5420
BANK NIFTY TODAY
Bank nifty today traded in a tight range and closed below the crucial 10,400 levels. Volume was low compared to previous trade. Market breath was negative with 5 advances and 7 declines.
BANK NIFTY TOMORROW
As bank nifty had closed below the crucial 10,400 levels we should trade cautiously tomorrow. Trading with strict stop loss is advised.
BANK NIFTY TIPS
BUY ABOVE 10,460 T1 – 10,520, T2 – 10,580, T3 – 10,640 STOPLOSS – 10,400
SELL BELOW 10,400 T1 – 10,340, T2 – 10,280, T3 – 10220 STOPLOSS – 10,460

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