Tuesday, January 1, 2013

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in rather tight range with positive bias and closed above the 5900 levels. volume was increased compared to previous trade. Market breadth was positive with 40 advances and 9 declines and 1 remained unchanged. Fii’s were net buyers for 665.05 crores. Dii’s were net sellers for 406.14 crores.

Nifty trading on Wednesday

Global cues will lead the market on Wednesday. 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 5961 5980 6008 6035 5935
Sell below 5935 5900 5880 5860 5961

Bank Nifty trading on Tuesday

Today bank nifty traded in a rather tight range with positive bias and closed above the the 12,600 levels. Volume was decreased compared to previous trade. Market breadth was positive with 11 advance and 1 declines.

Bank Nifty trading on Wednesday

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 12,734 12,843 12,958 13,030 12,650
Sell below 12,650 12,572 12,494 12,381 12,734

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