Thursday, December 13, 2012

Nifty and bank nifty trading levels.

Nifty trading on Thursday

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 16 advances and 34 declines . Fii’s were net buyers for 1256.57 crores. Dii’s were net sellers for 665.67 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 5860 5880 5900 5932 5842
Sell below 5842 5825 5800 5777 5860

Bank Nifty trading on Thursday

Today bank nifty traded in a tight range with negative bias and closed below the 12,300 levels. Volume remained as same as previous trade. Market breadth was negative with 2 advance and 10 declines.

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 12,330 12,428 12,494 12,572 12,226
Sell below 12,226 12,158 12,053 11,962 12,330

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