Monday, January 7, 2013

Nifty and bank nifty trading levels.

Nifty trading on Monday

Today nifty traded in wide range with negative bias and closed below the 6000 levels. volume was decreased compared to previous trade. Marketbreadth was negative with 14 advances and 36 declines. Fii’s were net buyers for 1164.41 crores. Dii’s were net sellers for 825.4 crores.

Nifty trading on Tuesday

Global cues will lead the market on Tuesday. 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 Monday

Today bank nifty traded in a rather wide range with negative bias and closed above the the 12,700 levels. Volume was decreased compared to previous trade. Market breadth was positive with 2 advance and 10 declines.

Bank Nifty trading on Tuesday

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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