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nifty on monday

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NIFTY ON MONDAY

Global cues would lead the market on Monday. As nifty had been sliding for past three trading sessions continuously we may expect a pull back rally on Monday. However as FII’s were net sellers we should be careful at higher levels. The 5480 levels would be crucial level to be watched on Monday. Below these levels we may expect nifty to slide further. Only above the 5640 levels we may expect an up move.

NIFTY TIPS

BUY ABOVE 5530 T1 – 5560, T2 – 5590, T3 – 5620 STOPLOSS – 5510

SELL BELOW 5510 T1 – 5480, T2 – 5450, T3 – 5420 STOPLOSS – 5530

BANK NIFTY ON MONDAY

The 10,400 levels would be crucial levels to be watched for Monday trade. Good support exists at this level and would bank nifty surpass this level we may see more selling pressure. Only above the 10,730 levels we may expect further up move. Trading with strict stop loss is advised.

BANK NIFTY TIPS

BUY ABOVE 10,620 T1 – 10,680, T2 - 10,740, T3 – 10,800 STOPLOSS - 10,560

SELL BELOW 10,560 T1 – 10,500, T2 – 10,440, T3 – 10,380 STOPLOSS – 10,620

 

 
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