Tuesday, October 9, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in an indecisive manner and closed above the 5700 levels. Volume was almost same compared to previous trade. Market breath was negative with 29 advances and 21 declines. Fii’s were net buyers for 613.98 crores. Dii’s were net sellers for 430.6 crores.

Nifty trading on Wednesday

As nifty traded in an indecisive manner on Tuesday, we may expect a drastic move on either side in coming days. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Nifty

Buy above 5720 T1-5755, T2-5785, T3-5804 stoploss-5706
Sell below 5706 T1-5680, T2-5651, T3-5624 stoploss-5720

Bank Nifty trading on Tuesday

Today bank nifty traded in a tight range with an indecisive manner and closed above the 11,400 levels. Volume was almost same compared to previous trade. Market breath was positive with 7 advances and 5 declines.

Bank Nifty trading on Wednesday

We may expect a drastic move on either side in coming days. Trading with strict stop loss and sticking to levels is suggested.

Intraday trading tips-Banknifty

Buy above 11,520 T1-11,587, T2-11,637, T3-11,709 stoploss-11,480
Sell below 11,480 T1-11,433, T2-11,350, T3-11,243 stoploss-11,520
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