Wednesday, December 12, 2012

Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in tight range with negative bias and closed just below the 5900 levels. volume remained as same previous trade. Market breath was negatuve with 17 advances and 33 declines . Fii’s were net buyers for 952.75 crores. Dii’s were net sellers for 365.07 crores.

Nifty trading on Thursday

Global cues will lead the market on Wednesday. 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 Wednessday

Today bank nifty traded in a tight range with negative bias and closed just above the 12,300 levels. Volume remained as same as previous trade. Market breadth was negative with 4 advance and 8 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 12,330 12,428 12,494 12,572 12,226
Sell below 12,226 12,158 12,053 11,962 12,330

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