Wednesday, May 4, 2016

Bank Nifty and Nifty Trading plan 04th may 2016

Bank Nifty Trading plan 04th may 2016
Bank Nifty has finally started correction to bases.
Strong support exist at 16153 which is the dividing level between bullish and bearish Bank Nifty.
Buying level is 15500 and level to sell is 15140.
Expecting  Bank Nifty   to respect both limits and initially trade with these levels.However any breakge of level will result in automatic trade.
For Nifty The buying and Selling levels are very wide.So not expecting a trade in Nifty today.
Buying level is at  7820 while selling level is below 7630.
For medium term close above 7700 is essential  for Nifty to remain in bullish zone


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