Thursday, November 22, 2012

Nifty and bank nifty trading levels.

Nifty trading on Thursday

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 27 advances and 23 declines. Fii’s were net buyers for 114.76 crores. Dii’s were net sellers for 164 crores.

Nifty trading on Friday

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 5640 5666 5686 56711 5624
Sell below 5624 5606 5585 5566 5640

Bank Nifty trading on Thursday

Today bank nifty traded in a tight range with positive bias and closed above the 11,500 levels. Volume was decreased compared to previous trade. Market breadth was positive with 9 advances and 3 declines.

Bank Nifty trading on Friday

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 11,590 11,700 11,794 11,860 11,500
Sell below 11,500 11,400 11,321 11,243 11,590

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