Friday, November 23, 2012

Nifty and bank nifty trading levels.

Nifty trading on Friday

Today nifty traded in a tight range with negative bias and closed above the 5600 levels. volume remained as same as previous trade. Market breath was negative with 21 advances and 29 declines. Fii’s were net buyers for 366.37 crores. Dii’s were net sellers for 147.27 crores.

Nifty trading on Monday

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 Friday

Today bank nifty traded in a tight range with negative bias and closed below the 11,500 levels. Volume remained as same as previous trade. Market breadth was positive with 4 advances and 8 declines.

Bank Nifty trading on Monday

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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