Sunday, December 23, 2012

Nifty and bank nifty trading levels.

Nifty trading on Friday

Today nifty traded in rather tight range with negative bias and closed below the 5900 levels. volume was increased compared to previous trade. Marketbreadth was negative with 2 advances and 48 declines. Fii’s were net buyers for 115.35 crores. Dii’s were net Buyers for 258.21 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 5860 5880 5900 5932 5842
Sell below 5842 5825 5800 5777 5860

Bank Nifty trading on Friday

Today bank nifty traded in a rather tight range with negative bias and closed below the the 12,400 levels. Volume was increased compared to previous trade. Market breadth was negative with 1 advance and 11 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 12,428 12,494 12,572 12,650 12,330
Sell below 12,330 12,226 12,158 12,053 12,428

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