Thursday, January 3, 2013

Nifty and bank nifty trading levels.

Nifty trading on Thursday

Today nifty traded in rather tight range with negative bias and closed above the 6000 levels. volume was increased compared to previous trade. Marketbreadth was positive with 26 advances and 23 declines and 1 remained unchanged. Fii’s were net buyers for 1397.37 crores. Dii’s were net sellers for 905.96 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 6008 6035 6067 6090 5982
Sell below 5982 5961 5930 5900 6008

Bank Nifty trading on Thursday

Today bank nifty traded in a rather tight range with negative bias and closed above the the 12,700 levels. Volume was increased compared to previous trade. Market breadth was positive with 6 advance and 5 declines and 1 remained unchanged.

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 12,843 12,958 13,030 13,105 12,770
Sell below 12,770 12,650 12,572 12,494 12,843

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