Wednesday, November 21, 2012

Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in a tight range with positive bias and closed above the 5600 levels. volume was decreased compared to previous trade. Market breath was positive with 34 advances and 16 declines. Fii’s were net buyers for 182.59 crores. Dii’s were net sellers for 133.08 crores.

Nifty trading on Thursday

Global cues will lead the market on Thursday. 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 5624 5651 5680 56703 5606
Sell below 5606 5585 5566 5542 5624

Bank Nifty trading on Wednesday

Today bank nifty traded in a tight range with positive bias and closed above the 11,400 levels. Volume was decreased compared to previous trade. Market breadth was positive with 9 advances and 3 declines.

Bank Nifty trading on Thursday

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

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