Monday, October 15, 2012

Nifty and bank nifty trading levels.

Nifty trading on Monday

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 positive with 27 advances and 23 declines. Fii’s were net buyers for 20.16 crores. Dii’s were net sellers for 85.52 crores.

Nifty trading on Tuesday

Global cues will lead the market on Tuesday. 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 Monday

Today bank nifty traded in a tight range with positive and closed above the 11,400 levels. Volume was decreased compared to previous trade. Market breath was positive with 9 advances and 3 declines.

Bank Nifty trading on Tuesday

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 11,483 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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