Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty gapped down and traded in a tight range with negative bias and closed below the 5700 levels. Volume was almost same compared to previous day. Market breath was negative with 7 advances and 43 declines. Fii’s were net buyers for 407.6 crores. Dii’s were net sellers for 396.36 crores.

Nifty trading on Thursday

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

Intraday trading tips-Nifty

Buy above 5680 T1-5700, T2-5720, T3-5755 stoploss-5651
Sell below 5651 T1-5624, T2-5600, T3-5575 stoploss-5680

Bank Nifty trading on Wednesday

Today bank nifty traded in a tight range with negative bias and closed below the 11,300 levels. Volume was almost same compared to previous day. Market breath was negative with 1 advance and 11 declines.

Bank Nifty trading on Thursday

Technically we may expect selling pressure at higher levels. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Banknifty

Buy above 11,400 T1-11,483, T2-11,564, T3-11,614 stoploss-11,350
Sell below 11,350 T1-11,243, T-11,170, T3-11,040 stoploss-11,400

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