Thursday, December 6, 2012

Nifty and bank nifty trading levels.

Nifty trading on Thursday

Today nifty traded in tight range with positive bias and closed above the 5900 levels. volume was increased compared to previous trade. Market breath was negatuve with 37 advances and 13 declines. Fii’s were net buyers for 838.14 crores. Dii’s were net sellers for 662.74 crores.

Nifty trading on Friday

Global cues will lead the market on Friday. 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 5979 5991 6029 5926
Sell below 5926 5900 5880 5850 5951

Bank Nifty trading on Thursday

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

Bank Nifty trading on Friday

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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