Friday, December 7, 2012

Nifty and bank nifty trading levels.

Nifty trading on Friday

Today nifty traded in tight range with negative and closed above the 5900 levels. volume remained as same as previous trade. Market breath was negatuve with 13 advances and 36 declines and 1 unchanged. Fii’s were net buyers for 648.05 crores. Dii’s were net sellers for 798.48 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 5900 5932 5960 5991 5880
Sell below 5880 5850 5825 5800 5880

Bank Nifty trading on Friday

Today bank nifty traded in a tight range with negative bias and closed below the 12,400 levels. Volume remained as same as 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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