Tuesday, December 4, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in tight range with positive bias and closed below the 5900 levels. volume was increased compared to previous trade. Market breath was negatuve with 22 advances and 28 declines. Fii’s were net buyers for 539.95 crores. Dii’s were net sellers for 434.1 crores.

Nifty trading on Wednessday

Global cues will lead the market on Wednessday. 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 5900

Bank Nifty trading on Tuesday

Today bank nifty traded in a tight range with positive bias and closed just below the 12,200 levels. Volume was increased compared to previous trade. Market breadth was positive with 9 advances and 3 declines.

Bank Nifty trading on Wednessday

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 12,253 12,330 12,410 12,494 12,163
Sell below 12,163 12,040 11,936 11,872 12,253

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