Wednesday, December 19, 2012

Nifty and bank nifty trading levels.

Nifty trading on Wednesday

Today nifty traded in tight range with positive bias and closed above the 5900 levels. volume remained as same as previous trade. Market breath was positive with 40 advances and 10 declines. Fii’s were net buyers for 1244.96 crores. Dii’s were net sellers for 369.06 crores.

Nifty trading on Thursday

Global cues will lead the market on Thursday. 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 5951 5971 5991 6022 5926
Sell below 5926 5900 5880 5850 5951

Bank Nifty trading on Wednesday

Today bank nifty traded in a rather tight range with positive bias and closed above the the 12,500 levels. Volume remained as same as previous trade. Market breadth was positive with 7 advance and 5 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 12,494 12,572 12,650 12,734 12,428
Sell below 12,428 12,330 12,226 12,158 12,494

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