Wednesday, November 7, 2012

Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in a rather tight range with positive bias and closed above the 5740 levels. volume was increased compared to previous trade. Market breath was positive with 38 advances and 10 declines and 2 unchanged. Fii’s were net buyers for 728.45 crores. Dii’s were net sellers for 196.95 crores.

Nifty trading on Thursday

Global cues will lead the market tomorrow. the 5800 levels will see strong resistant. Be cautious at higher levels. 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 5766 5785 5806 5830 5740
Sell below 5740 5720 5700 5680 5766

Bank Nifty trading on Wednesday

Today bank nifty traded in a rather tight range with positive bias and closed above the 11,600 levels. Volume was increased compared to previous trade. Market breath was positive with 11 advances and 1 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 11,700 11,794 11,860 11,926 11,630
Sell below 11,630 11,560 11,483 11,433 11,700

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