Monday, October 29, 2012

Nifty and bank nifty trading levels.

Nifty trading on Monday

Today nifty traded in a tight range with negative bias and closed below the 5700 levels. Volume was decreased compared to previous trade. Market breath was positive with 26 advances and 24 declines. FII’s were net sellers for 76.57 crores.

Nifty trading on Tuesday

Global cues will lead the market on Tuesday. Be cautious at higher levels. 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 Monday

Today bank nifty tradaed in a tight range with negative bias and closed below the 11,500 levels. Volume was decreased compared to previous trade. Market breath was negative with 4 advances and 8 declines.

Bank Nifty trading on Tuesday

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 11,520 11,587 11,637 11,709 11,480
Sell below 11,480 11,433 11,350 11,243 11,520

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