Friday, October 26, 2012

Nifty and bank nifty trading levels.

Nifty trading on Friday

Today nifty traded in a tight range with negative bias and closed below the 5700 levels. volume was decreased compared to previous trade. Market was negative with 15 advances and 35 declines. FII’s were net sellers for 198.84 crores. DII’s were net sellers for 89.93 crores.

Nifty trading on Monday

Global cues will lead the market on Monday. we may expect selling pressure at higher leves. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 5680 5700 5720 5755 5651
Sell below 5651 5624 5600 5575 5680

Bank Nifty trading on Friday

Today nifty traded in a tight range with negative bias and closed below the 11,600 levels. volume was decreased compared to previous trade. Market breath was negative with 12 declines.

Bank Nifty trading on Monday

Be careful at higher levels. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 11,590 11,700 11,794 11,860 11,500
Sell below 11,500 11,400 11,321 11,243 11,590
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