Thursday, November 29, 2012

Nifty and bank nifty trading levels.

Nifty trading on Thursday

Today nifty traded in a wide range with positive bias and closed above the 5800 levels. volume was increased compared to previous trade. Market breath was positive with 43 advances and 7 declines. Fii’s were net buyers for 1579.97 crores. Dii’s were net sellers for 896.22 crores.

Nifty trading on Friday

Global cues will lead the market on Friday. 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 5850 5882 5913 5947 5825
Sell below 5825 5800 5777 5753 5850

Bank Nifty trading on Thursday

Today bank nifty traded in a wide range with positive bias and closed just below the 12,000 levels. Volume was increased compared to previous trade. Market breadth was positive with 12 advances.

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 12,040 12,105 12,182 12,251 11,936
Sell below 11,936 11,872 11,800 11,707 12,040

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