Tuesday, November 20, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in a tight range with negative bias and closed below the 5600 levels. volume was increased compared to previous trade. Market breath was negative with 20 advances and 30 declines. Fii's were net buyers for 143.38 crores. Dii's were net sellers for 11.53 crores.

Nifty trading on Wednesday

Global cues will lead the market on Wednesday. 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 Tuesday

Today bank nifty traded in a tight range with negative and closed above the 11,300 levels. Volume was increased compared to previous trade. Market breadth was negative with 5 advances and 7 declines.

Bank Nifty trading on Wednesday

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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