BANKNIFTY FUTURE -INTRADAY UPDATE

At 12.04pm

In the market opening itself we have noticed some weakness in the market and we gave a sell call at 9520 and SL at 9526.00 that triggered in no time and still we insited not to go long and again gave a sell call at 9542.00 level. and in a hurry to cover our shorts and covered and booked profit around 5520 level and told to many brave hearts that the market will be down and touch 9470.00 few people were lucky to gain additional 40points.

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We some how missed today, a good opportunity of booking 90 points profit in one stroke.instead we could made only 40+points...Now we asked to buy at 9460level and kept our stoploss @ 9444.00.Let see what the market going to offer....

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Update at 12.35pm

The day is lucky enough for us..we ask every one of our clints to book profit in 9510 level and it was sold at 9530.00.No position on hand.70-points in one stroke.Just feel great.

UP Date at 1.37pm

We sold at 9528.00 and covered at 9502.00 >26 points profit

update at 2.10pm

Bought at 9470 and sold at 9512.00>42 points profit

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Today we made a net profit of around > 190+ points.

That means if one would have gone 2 lots means- i.e. 100X 190 = 19,000.00/-as a net profit.

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There are few clients of our's made more than Rs. 1-Lakh today just in intraday trade as per our tips.We are glad to notice our accuracy level and its progress day by day.

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Will Nifty Cross The 5500 Mark?

The recent rally of indian markets raised questions among the positional traders.On march 25th onwards the markets claimed up and nifty touched a new high of this year.(Banknifty was traded in 9200 and now it is in 9600 Range).Many of the news makers start speculating the news that,the nifty is leading an another rally towards a new high...But today market was showing a mild correction and again the doubt raised many eyebrows.The purpose of this post is to clear the doubts/rumours and have a clear view of the market.One can not catch the fish in the muddy/unclear water.

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As per the 'EW' the Nifty currently in the 3rd wave> and that shows a target of 5460 .So nifty can attain the 5500 mark easily.Not alone this the indian banks may pull up the rally anytime and support nifty to cross 5500.00 mark. Be prepared for that.The month April is going to be a mile stone in indian market.!!.

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Almost all the traders with whom i am dealing with, feels that the market is matured enough and they are already started staying away from the market.This is what they call "Fight or Flight" situation.Play safe.

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In today market, We, some how avoided the intraday long positions and managed to sell at every high's and we succeded in three of our attempts and failed in one ,that caused 7 points loss,hence the stoploss got triggered.

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Any how our clients made a net profit of 100+ Points excluding the brokerage. 'Few of our Smart clients today made a profit of Rs. 50,000/-( They trade in- 10Lots ).We are really thrilled by their over whelming responses.It is our utmost responsibility to alert them to play safe.>>When you are trading beyond 2-lots you have to be more cautious and follow our Stop loss strictly.Do not ignore,we want you to be in a safe zone all the time.

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As we keep on insisiting to ' all day traders' the first thumb rule -

'Safety First'

Nifty and Banknifty Futures

Today the market was very neat and all the technical indicators are tuned up in one particular direction..i.e the Uptrend. During the opening we alerted many of our people not to attempt any short in nifty and bank nifty future.Instead we gave a buy call at 9170.00 exact low of today and gave SL@9162.00.It worked very well and many bought at 9172.00 since, banknifty future stayed there for a longer time.

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We have given a target @ 9246.00 and many trader where restless during the 9210.00 level and we told them not to do anything and the target will be surely achived today and it become true.When it reached 9230 level we have seen some thing in the graph that develops to a enguling bullish candle stick formation in nifty as well as bank nifty and asked many to remove the 9246 sell order and replaced it to '9272.00' and that was hit within a short span of time...There on the market was unusually bullish and gone upto the day high 9339.00.

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So,The net profit for our cleints is 100 points (ie.100X100=Rs.10,000.00) We would like to invite you to join in our paid subscription scheme and gain money on a daily basis in intraday. To know more visit here>>> www.bankniftyfuture.blogspot.com

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See the above graph of nifty and banknifty...look at the pattern how eratically it went up to the top of the ladder.

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Last two day we were telling not to carry any fresh positions..because of the F&o closing and hope that would have saved many people money.

Today Market

The market today tussle within 20 points.I found the nifty spot low is very low when we see the future's low.The spot low is 5203.55 where as future's low is 5222.00.Something is cooking!! or the real weakness is on in nifty.if nifty breaks the 5190.00 Level the correction may occur from there on.The bank nifty is not showing much swing as it used be...it was struck in 9220-30 level for a longer time.This shows ready to blast on either side,but as per the nifty , it is going to jump down.

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We have gone short in the opening itself and covered same in 9220level.Waiting for further positions Long/short we are yet unable to predict...

BANK NIFTY FUTURE

On Friday we gave tips for positional sell for our subscribers and few were gone short around 9290 level and this morning during market opening i asked them to cover it around 9150level.The banknifty future gave a great chance to cover the short and was in 9160 for a longer time all the people covered the short and booked a profit about 140+points.

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Today the market is weak only but it plays lot of tricks and hitting all the stoploss's.We are now keen in observing the facts.As nifty broke the strong supports levels>i.e - 5220 and 5190 level and that indicates a weakness in the overall market.

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The repo and reverse repo rate hike will have its own impact on the market as we have seen in the past including the US and Singapore markets.

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Important Note: i have recived a facts from my friends >>

Nifty Low is shown as '5180.00' its a false one and it traded low in '5206.00',

Similarly Banknifty Low is not '9126.00' it is actually '9153.00'

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The Post Effect of the Cup Formation

The Effect of the Cup Formation is now very clearly visible in the above shown chart.I.e -'Up Trend'.

Banknifty was in 9100 level during that time now it shoot upto 9300 level.The sell position has just reveresed to a buy mode after this cup formation.

Cup with handle formation

i have found in the intraday banknifty future chart the 'Cup with handle formation' it is similar in appearance to Rounded Bottoms. Like rounded bottoms, the pattern includes an elongated U-shape.The pattern is similar in appearance to a coffee cup with a right-side handle, and indicates the potential for an uptrend.

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Any how that was happened today trade.In our yesterday post we gave positional sell and today we asked all our clients to cover the Short and when it touched the 9000level many people in my chat box were asking me to confirm down trend for further sell and i strictly objected and said no to all.Why i said no to short means the formation i could see and it was incomplete and the afternoon trade the formation was complete and it really shoot up to 9140level.

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Usually this cup formation happens in 1-2weeks time and it is a kind of cosolidation for the uptrend.But today i am surprised to see the same thing happend in intraday chart and the technical parameter that worked verywell.

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Now what is the next move of bank nifty future?

Hence the above said formation i strongly hoping the banknifty behave eratic on the upside atleast for the next two sessions.So play safe and when ever you get a chance at peaks exit your long that will be ideal.

Positional Sell for Bank Nifty.

Yesterday we gave Positional and intraday Sell call to our subscribers at 9144.00 and today it has come down to 9001.00 level. we have just covered our short at 9005.00 and gained 139 points.

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Now,waiting for a high jump and ready to sell as high as possible and the Stop Loss for short is 9083.00.If Bank nifty futures close less than this level one can carry the short over night or Book profit of 50+ points in intraday.

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Attention:- We only offer intraday tips.if our system signals are strong enough than we may offer occassional positional calls in addition to intraday

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Data Source: The Economist

According to the list of 132 most expensive cities in the world compiled by the Economist Intelligence Unit, Mumbai is ranked 131. This means that the cost of living in Mumbai (in terms of housing, food, clothing, transport and utility bills and the like) is lower than in Moscow, Shanghai or even Rio de Janeiro.

Letting go..

Bank Nifty and Nifty Rally continues...

In my previous post (on 23rd, feb,2010 ) just below to this post we wrote that there is an indication we found in the charts that drive the market before/after the budget and lead a rally upto 300+ points.it become almost true.The bank nifty is 400+points and nifty is around 250+points...Today nifty may face hurdle 5050level and cross over this level with volume may lead the nifty upto 5140+ and if sustain above this level may motivate another round of buy and the rally may continues to 5300+level.

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Positional long trader can book partial/full profit today.if nifty find difficult to cross over 5070 level..(Gap Filling) if it trades beyond this and move ahead hold your long for few more sessions.

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Bank nifty may move upto 9200 + level. Here, the present level is critical and book profit if you are in long positional and avoid fresh positional long.I recomend only intraday trade in baknifty at this present trend.