Monday, December 3, 2012

Nifty and bank nifty trading levels.

Nifty trading on Monday

Today nifty traded in tight range with negative bias and closed below the 5900 levels. volume was decreased compared to previous trade. Market breath was negatuve with 23 advances and 27 declines. Fii’s were net buyers for 302.67 crores. Dii’s were net sellers for 335.94 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 5900 5932 5960 5991 5880
Sell below 5880 5850 5825 5800 5880

Bank Nifty trading on Monday

Today bank nifty traded in a tight range with negative bias and closed just above the 12,104 levels. Volume was decreased compared to previous trade. Market breadth was negative with 4 advances and 8 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 12,226 12,330 12,410 12,494 12,040
Sell below 12,105 12,040 11,936 11,872 12,226

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