Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in a tight range with positive bias and closed below the 5700 levels. Volume was decreased compared to previous trade. Market was negative with 17 advances and 33 declines. Fii’s were net buyers for 688.49 crores. Dii’s were net sellers for 695.9 crores.

Nifty trading on Thursday

Global cues will lead the market on Thursday. Technically we should be cautious at higher levels. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Nifty

Buy above 5700 T1-5720, T2-5755, T3-5785 stoploss-5680
Sell below 5680 T1-5651, T2-5624,T3-5600 stoploss-5700

Bank Nifty trading on Wednesday

Today bank nifty traded in a tight range with positive bias and closed above 11,400 levels. Volume was increased compared to previous trade. Market breath was negative with 4 advances and 8 declines.

Bank Nifty trading on Thursday

Technically we should be caustious at higher levels. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Banknifty

Buy above 11,483 T1-11,564, T2- 11,614 stoploss-11,433
Sell below 11,433 T1-11,350, T2-11,243, T3-11,170 stoploss-11,483

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