Tuesday, November 6, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

today nifty traded in a tight range with positive bias and closed above the 5700 levels. volume was increased compared to previous trade. Market breath was positive with 33 advances and 17 declines. Fii’s were net buyers for 174.62 crores. Dii’s were net sellers for 221.85 crores.

Nifty trading on Wednesday

Global cues will lead the market tomorrow. 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 5740 5766 5785 5806 5720
Sell below 5720 5700 5680 5651 5740

Bank Nifty trading on Tuesday

today bank nifty traded in a tight range with positive bias and closed above the 11,500 levels. Volume was increased compared to previous trade. Market breath was positive with 10 advances and 2 declines.

Bank Nifty trading on Wednesday

Cautious trading at higher levels is advised. 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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