Wednesday, February 9, 2011

NIFTY TODAY
Today nifty traded in a tight range with negative bias and closed below the 5300 levels. Volume was increased compared to previous trade. Market breath was negative with 13 advances and 37 declines. FII’s were net sellers for 609 crores. DII’s were net buyers for 115 crores.
NIFTY TOMORROW
Global cues would lead the market tomorrow. As FII’s were net sellers we should be careful at higher levels. Technically I expect a wide range trade with positive bias. However, trading with strict stop loss is advised.
NIFTY TIPS
BUY ABOVE 5260 T1 – 5290, T2 – 5320, T3 – 5350 STOPLOSS – 5240
SELL BELOW 5240 T1 – 5210, T2 – 5190, T3 – 5160 STOPLOSS – 5260
BANK NIFTY TODAY
Today bank nifty traded in a tight range with negative bias and closed just above the 10,100 levels. Volume was increased compared to previous trade. Market breath was negative with 5 advances and 7 declines.
BANK NIFTY TOMORROW
The 10,000 levels would be crucial levels to be watched for tomorrow trade. Trading with strict stop loss is advised.
BANK NIFTY TIPS
BUY ABOVE 10,160 T1 – 10,220, T2 – 10,280, T3 – 10,340 STOPLOSS – 10,100
SELL BELOW 10,100 T1 – 10,040 T2 – 9,980, T3 – 9,920 STOPLOSS – 10,160


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• We assure 70% - 80% ACCURACY
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