Monday, November 26, 2012

Nifty and bank nifty trading levels.

Nifty trading on Monday

Today nifty traded in a tight range with negative bias and closed above the 5600 levels. volume was increased compared to previous trade. Market breath was positive with 29 advances and 21 declines. Fii’s were net buyers for 163.14 crores. Dii’s were net sellers for 195.66 crores.

Nifty trading on Tuesday

Global cues will lead the market on Tuesday. 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 Monday

Today bank nifty traded in a tight range with negative bias and closed below the 11,500 levels. Volume was increased compared to previous trade. Market breadth was negative with 5 advances and 7 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 11,520 11,587 11,637 11,709 11,480
Sell below 11,480 11,433 11,350 11,243 11,520

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