Wednesday, October 17, 2012

Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in a tight range with negative bias and closed just above the previous day close. Volume was same compared to previous trade. Market breath was negative with positive with 28 advances and 21 declines and 1 unchanged. Fii’s were net buyers for 35.54 crores. Dii’s were net sellers for 248.4 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 11,400 levels. Volume was same compared to previous day trade. market breath was positive with 7 advances and 5 declines.

Bank Nifty trading on Thursday

Be cautious 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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