Monday, April 11, 2011

Today nifty
Today nifty traded in a tight range with negative bias and closed below the 5800 levels. Volume was decreased compared to previous trade. Market breath was negative with 12 advances and 38 negative. FII’s were net sellers for 691.22 crores. DII’s were net buyers for 263.81 crores.
Nifty view for Wednesday
Global cues would lead the market on Wednesday. As FII’s were net sellers we should be careful at higher levels. The 5840 would be crucial level to be watched for Wednesday trade.
Free intraday tips for Wednesday
Buy above 5800 t1 – 5830, t2 – 5860, t3 – 5890 stop loss – 5780
Sell below 5780 t1 – 5750, t2 – 5720, t3 – 5690 stop loss – 5800

Today bank nifty
Today bank nifty traded in a tight range with negative bias and closed below the 11,600 levels. Volume was low compared to previous trade. Market breath was negative with 4 advances and 8 declines.
Bank nifty view for Wednesday
The 11,500 levels would be crucial level to be watched for Wednesday trade. Trading with strict stop loss is advised.
Free intraday tips for Wednesday
Buy above 11,600 t1 – 11,660, t2 – 11,720, t3 – 11,780 stop loss – 11,540
Sell below 11,540 t1 – 11,480, t2 – 11,420, t3 – 11,360 stop loss – 11,600




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