Monday, December 10, 2012

Nifty and bank nifty trading levels.

Nifty trading on Monday

Today nifty traded in tight range with negative and closed above the 5900 levels. volume was decreased compared to previous trade. Market breath was negatuve with 23 advances and 27 declines and 1 unchanged. Fii’s were net buyers for 698.23 crores. Dii’s were net sellers for 586.58 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 below the 12,400 levels. Volume was decreased previous trade. Market breadth was positive with 8 advance and 2 declines 2 unchanged.

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 12,428 12,494 12,572 12,650 12,330
Sell below 12,330 12,226 12,158 12,053 12,428

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