Monday, November 19, 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 5600 levels. volume was decreased compared to previous trade. Market breath was negative with 19 advances and 31 declines. Fii’s were net sellers for 1.52 crores. Dii’s were net sellers for 502.6 crores.

Nifty trading on Tuesday

Global cues will lead the market on Tuesday. The 5600 levels will see strong resistant. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 5600 5624 5651 5680 5575
Sell below 5575 5554 5528 5505 5600

Bank Nifty trading on Monday

Today bank nifty traded in a tight range with negative and closed above the 11,300 levels. Volume was decreased compared to previous trade. Market breath was negative with 4 advances and 8 declines.

Bank Nifty trading on Tuesday

Cautious trading at higher levels is advised. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 11,400 11,500 11,590 11,700 11,321
Sell below 11,321 11,243 11,146 11,046 11,400

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