Tuesday, December 18, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in tight range with positive bias and closed just below the 5900 levels. volume was increased compared to previous trade. Market breath was positive with 37 advances and 12 declines and 1 unchanged. Fii’s were net buyers for 922.37 crores. Dii’s were net sellers for 491.12 crores.

Nifty trading on Wednesday

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 5926 5951 5971 5991 5900
Sell below 5900 5880 5850 5825 5926

Bank Nifty trading on Tuesday

Today bank nifty traded in a rather tight range with positive bias and closed above the the 12,400 levels. Volume was increased compared to previous trade. Market breadth was positive with 8 advance and 4 declines.

Bank Nifty trading on Wednesday

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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