Sunday, December 16, 2012

Nifty and bank nifty trading levels.

Nifty trading on Friday

Today nifty traded in tight range with negative bias and closed below the 5900 levels. volume remained was decreased compared to previous trade. Market breath was positive with 32 advances and 18 declines . Fii’s were net buyers for 574.38 crores. Dii’s were net sellers for 512.43 crores.

Nifty trading on Monday

Global cues will lead the market on Monday. 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 Friday

Today bank nifty traded in a rather tight range with positive bias and closed above the the 12,400 levels. Volume was decreased compared to previous trade. Market breadth was positive with 6 advance and 5 declines.

Bank Nifty trading on Monday

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 12,494 12,572 12,650 12,734 12,428
Sell below 12,428 12,330 12,226 12,158 12,494

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