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Monday, April 26, 2010

Will Bank Nifty future Touch 10,000 Mark?

Last friday onwards the market was pushed forward by the indian banks(The Components of banknifty) from 9700.00 level to 9824.00 a non-stop rally that Begin from the low of 9220.00level.Today Market opened gap up around 9851.00 level and went upto the day high 9891.00.So another 100+ points is not a big deal for banknifty and banknifty will attain the 10,000 mark may be tomorrow as per today closing.

Friday we went a short at 9770 level and there were no signals of market coming down...instead it shoot up...we instantly made a decision to go long in next month and today we closed our long at 9885.00 level and covered and sold thrice and over all about 200 points gained from friday closing to todays closing.

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