is it a consolitation phase to move Up?

The Gap down opening today did'nt create the impact of panic selling in bank nifty. Today it is sustained well in 10670 -700 level and during the closing it hits the day high 10750 and marked 767 and was not able to stay and fall 30 points and closed in a possitive note.The day low was 10643 ...The 10633 would have brought fresh selling but today, some how it sustained above and we have seen good consolidation near 10670 level. The banknifty last 3 trading days held well in a range of 10650 to 860 level and considering todays consolidation it may take a jump upto 10930 level.

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The DII's selling volume is rised today. The nifty today marked a low of 5365 levels and during closing it shoot up 5410 + and still the closing & day low's is lower than yesterdays that is an symptom of further weakness.The Reliance fall is great burden to nifty,it has to fight well to sustain the 5400 level.On the other hand we do expect a dead cat bounce in Reliance..

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What Do We Expect Tomorrow?

Tomorrow we expect a Gap Up opening in banknifty.If it open above 10840 by chance it may surge it further to 920 level or if open near 10800 a selling will be higher and may slide down to 700 and sustain side ways there on.The BN trend now is not aggressive as it used to be. A fall down to 10630 or a move above 10940 only can change its behaviour.

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Avoid fresh longs.

We have done fairly well in Banknifty intraday as desired

We wrote in our friday post that the monday banknifty will open in gap up.It just did the same. We made aprox. 160+ points gain in banknifty today.The friday we covered all our positional shorts in 10710 and made ourself comfortable and enjoyed our week ends without any stress.

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Today opening itself we sold banknifty near 10870 level and placed a buy order at 10694 and in between we made a trade, where ever the market showed low we covered and sold again in high's ..like wise we made 3 trades and without any sl hit we made 160 + points profits(*few clients made 200points), probably we are the one who sold at the days high and bought at the days low.

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We also gave SBI sell call for our clients(it is free call) at 2830 and covered the same at 2790.The icici,Axis banks also shown weakness.

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The banknifty day high was 10881 and days low was 10675.It is taking good support level near 10700 and the next critical support is in 10660.During the closing the BN took up charge and rose to 10790 level.The banknifty is marked a low price's in fay today after it went up to 11100 levels , that is an indication of weakness.The earlier false breakdown was not seen now.

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The nifty now find it base in 5355 levels any up move above 5470 only can change the trend.The infosys,reliance,icici and airtel all are in sell mode so the nifty correction will continue further.

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Caution: Avoid fresh longs or do it with trict stoploss

What we can expect in Tomorrow?

The banknifty moved near to 10800 level at the end..Now the 'cat can jump to any side'..Tonight we have to watch out the global cue's , as of now it is in 'Green Trend' if this turn to red the banknifty slide further(gap down) or open in gap up and trade in side ways...A move above 10940 and sustaining this level about an hour may bring fresh buying and it may touch 10,030level.

Caution:- Avoid fresh longs or Do it with strict stoploss

New Bank Base Rate System

Whenever a person borrows money from the bank there is an interest rate that the borrower has to pay to the lender. The base rate is the minimum rate of interest that the bank will lend money at and the borrower has to pay.

It can be considered as a basic rate of interest on which the actual rate a bank charges on loan to its customers is calculated.

So the base is the standard rate set by banks on the basis of the guidelines issued by RBI. Loans are given above the standard base rate to the borrowers and according to their credit ranking.

The RBI has given guidelines to banks to adjust their base rates from July 1, 2010, according to the prevailing market conditions and interest rate policies. Banks will update their base rates every few months if that is required. Banks can then communicate this to all their borrowers. So the base rate won’t be fixed forever.

The most important thing to keep in mind is the cost of money should not change. i.e., if the car loan cost about 12% or home loan cost 9%, this rate of interest charged to you will be no different going forward.

It is just the method used to explain about the rate fixed by the bank so as to ignore the bargaining by the borrowers. So we can say that the interest rates aren’t coming down as a result of this base rate implementation.

Article Source:-http://www.tflindia.in/2010/08/new-bank-base-rate-system.html

Excelled in Banknifty Positionals

Hi All,

If, you would have read my daily post in this site for the past few days we have been cautioning not to take fresh longs ..Do your intraday trade with strict stop loss!! Today it is proved almost a fall of 300 points in a single day.We have been excelling in banknifty positional and intraday trade.Today we have sold from the opening onwards.We gave a special message to our paid clients " Sell Banknifty as many lots as you can" and all our clients made good gain.

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We also carried positional shorts from 11110 and we covered the same today @10710>> 400 points gain within 10 days..

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We were anticipating this free fall well before and thats why we could carry our intra&positional shorts and that made many of our clients to mint good money.In the Aug' month we have made about 950 points in intraday trading.

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Now what to expect from the market?

All this days the bannifty was showing weakness but not shown weakness price wise and today it is confirmed by going down to 10860 and made a low of 10705 after it went upto 11125 from 10300 levels.The Nifty is also gone down to the 5400 mark and now nifty has support at 5366 level.The infosys is weak due to the global cue's. icici bank is also in sell mode.

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The monday banknifty may open in mild gap up and try to sustain or trade in side ways.If the sbi shows weakness the BN may fall further down to 10665 levels.Why banknifty went to this high and fall down after F&O closing is clear all our doubts now...that the FII's speculation game done in the option segments.If they would have gone long in future this fall would have not possible.

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The Aggression in Banknifty Future is Reduced...

The Aggression in Banknifty Future Was Reduced...Last few days we have been observing that the aggression in banknifty future was reduced when we compare the move of the past few weeks.Last week we have seen ,it used to fall to the low and take supports in the critical support levels and used to move fast 100 + points and breakout the days high...This aggression was reduced visibly. Today from the opening the banknifty was slowly falling down to 10900 levels and broke down 900 and shown days low of 10971 and slowley moved up to 950 levels and closed down 10950.The opening was the day high and was unable to move up beyond 11,000 levels may be this caused due to the profit booking or F&O closing is ahead in 2 days...

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The Nifty is also was traded in a narrow range in the whole day.if the nifty move above 5552 only its gain momentum to go up and it may find difficult to cross over 5600 levels as it seems to be a hurdle.The 5474 is the support now and break down this will lead to 50+ points fall.The Global cue's are seems not strong enough.The dollar fall,gold price rise..are few symptoms that shows market move up is uncertain.

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What do we expect in Baknifty Now?

As per the above the banknifty now shown weakness but many a time it shown false breakout's and took support in the critical levels and rised up and sustained above 10800 levels...Mainly when it fall to 10300 and rised nearly 800 points in few days and still maintaining the level above 10800 so, a move down to this 800 level only confirm a firm weakness's and a fall down to 10736 will enhance a trend reversal.Tomorrow we need to watch out the the 10866 levels a move down to it avoid buying..if open above 10980 may take it to further 11050+levels..Now a greater possibility for a sideways trend.

What will be the next move in Banknifty Future?

The market opened today above the friday closing and failed to sutain in 11030+ levels and the opening punch low was shown @ 10950.(Trading was not seen) The banknifty many time attempt's to break down the day's low, but was struck near the 10960 level and the SBI,Icici,Axis was shown weakness and the afternoon all these scripts rose and lifted banknifty to 11,100 levels.

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The banknifty was weak about 4 hours and was down to the 400 ema and a certain uplift seen due to some news about the banks.The narrow or sideways trend may continue on the coming sessions.It will be strong if the Sbi move to 3000 levels in that case the banknifty may touch 11300 level and expected to halt and reverse from there to 10600 levels.The banknifty now weak if,it move down below 10866 levels and may turn positional sell.

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Today we gave a free buy calls for our clients - 'Bank of India' and 'State bank of Travangore' and both the targets were achived 30,100 points respectively.

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The nifty seems to caught in a cage of two walls between 10 to 40 points and was not yet strong to move beyond the 5600 levels. At this level on can go short with Sl@5552 . I also wish not to take fresh longs in these two index's. if so, sqaure within intraday and do all your trade with strict stoploss.

HAPPY ONAM

Aishwaryavum, Samriddiyum Niranja nalla nalukal ennum undavatte oppam manassil snehathinte oru onam.

"WISH YOU ALL HAPPY ONAM"

Picture:- Web Source to the respective owners

Banknifty Attained 11,000 Effortlessly

The banknifty today opened near 10880 and from there are slowely moved ahead to 10970 levels and sustained there for a longer time and in the after noon session it rose from 995 to 11110 levels in one stroke.From the morning on wards the stockastics was screaming in over bought zone,but still there were no sign of coming down when Sbi & Axis bank moved down about 20 points.As we wrote in our yesterday post the banknifty has strength to attain 11150 and almost it reached the level near to it.

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The icici bank was bullish today and gone beyond 1000 levels.The nifty is sustained above 5500 level and the day low was 5504 and high was 535 level in 30 points it moved up and down and finding difficult to cross the 540 levels.but it is now not shown any weakness yet.

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What we can expect from here?

We are expecting a reversal in banknifty or atleast it will not move fast like the way it was.It may trade in side ways and the profit booking will take place...may be on the coming weeks a fresh sell is expected..but the F&O closing is nearing the short covering may also be there.Now the time is to stay away...or do all your intraday trading with strict stoploss.

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The positional trader can go short in 'Aug' future and if they can hold short for about 1-3 months can make better yield for their inestments.

World Market Update @10.20pm

The FTSE closed~~~ -1.73% down and the whole Europe is in red

The Dow and Nasdag is also trading in red -1.5%

Banknifty Moving up towards 11,000 mark?

The banknifty today fell down to the day's low >10735 after opening near 10800 and in the after noon session, just before closing it rose aggressively and went up to 10925..a new life time high of banknifty future.The volatality was good today.From the day low to high was 210 points.

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The banknifty was about to break down near 10740 level and stand still there for a longer time and every one out there thought that a free fall on card..The technical parameters also was in favour of it. The majority banks of this index was weak including sbi,icici etc.but it played a trick around and fooled many traders to made/attempt a sell and hit all their SL -that was placed any where . if any one would have sold without SL is gone...it was such a violent move!! ...and unexpected move up of about 200 points.

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In my yesterday post i wrote the 100 to 200 points is not a big deal for banknifty.The closing was very strong today and the banknifty now has the strength to touch 11,150 levels.Not only this the nifty now seems to be strong it came down to 5418 and went to 5493 level, less than 25 mins time duration...it was acted like a sleeping lion that was awaken all of certain.

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On the other hand the Reliance went down to the year low 960,which is one of the heavy weightage stock of the Nifty Index .The SBI,Icici were also in corrective phase..That really rise the eye brows of many, how the banknifty can swim against the flow and reached to the pinnacle? I have no answers and there seems to be no logic that can work in market!!

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Now the banknifty is weak below 10730 and a fall down to 10660 only can reverse the trend from bull to bear.I advise not to initiate fresh longs and do all your intraday trading with strict SL.

Wish you a happy trading.

What are the cause for the continious uptrend of Banknifty?

Banknifty future is consistently moving and cross over high after high's and today its gone to 10810 life time high.The banknifty started claimping up from july 2nd onwards and about 7 weeks it gone to 10800 level from 9200 level.> about 1600 points up in 7weeks is really amazing and shook many traders really in its upward journey.

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We wrote in our yesterday post if Sbi,icici &Reliance shows weakness the banknifty may come down...But,inspite of these scripts fell down ( Reliance was in years low today) the banknifty is sustained above 10740 level and during the end it went up to 10810 level.

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The nifty was weak and unable to sustain above the 5440 level and closed down to 200 SMA.Now nifty has strong support at 5354 level. About 2 months the nifty was unable to move up beyond 5500 levels and on the other hand the banknifty reached to the life time high what are the cause's for this up move? The banks are showing great strength based on a very good results.Our national banks are firm when we compare with the global banks.In 2007 & 08 how the reality zoomed, now the banks are doing the same.The modernaization of our banks are attractive and proved to be an effective cost cutting that add additional margins to our banks.The Axis bank and Sbi are the few examples for this.

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Today we made about 80 points profits in intraday trading. we bought in the opening near the day's low i.e 10700 level and sold it near 50 and made few swing trade between 10735 to 790 and made a net of 80 points gain.We also advise not to go fresh positional long at this level and do all your intraday trade with strict SL. The banknifty is now said to be the benchmark of our indian market and hold our market from falling. when the other markets fell in the recent past our market did'nt react is based on this banks strength.

What we can expect on 18.08.2010?

The banknifty closed today very strong and the nifty was closed weak.The banknifty was in sideways for the last 3 days and it is taking support in the 400ema trend line,as long as it sustain above to it will be strong and it may now claim up another 100-200 points is not a big deal.The Euro zone as of now up (while writing this post). The FTSE is in 0.90%up..we need to see the 'US' markets tonight if all these global cue's are up our market may open gap up tomorrow.If banknifty open down to 10760 avoid long.The banknifty now in over bought zone.

BANKNIFTY INTRADAY

We have done excellent intraday trade today.

The banknifty now back to its usual swing after a long time.The opening we made a sell exactly at the high at 10755 and covered the same at 10684 and again sold at 10740+ level covered the same at 10686 and like wise we made 5 trades and made 175 + points profit in intraday trading.The intresting fact is we kept a SL in a technical level at 10764 and the market breached upto 10759 but our stop loss was safe and not triggered.During the 2.30 pm-we also made a sell at 710 level and bought the same at 10640 level.

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We are also giving 'Nifty trade tips" for free and today we made 60 points comfortably without sl hit.All our clients were really delighted and that made us more delightful.

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What we can expect for Tomorrow-17.08.2010?

The nifty was move down to 20 sma and also closed down to it.which is very weak and it has the next strong support level at 5360.00 if break down this a fresh correction starts and we also need to consider Reliance,Sbi& icici movements tomorrow.

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The banknifty seems to be a reversal as it faced a double top and the closing today was down to the 400 ema.As i said the SBI shows some correction will pull it down to 10440 level soon.if it trade below 10530 the weakness will be firm.Today the PNP shown great strength,was up about 2.30+%..inspite of this the banknifty was closed weak.I feel the banknifty many times breaks away all technical prediction.For example last thursday it was down to 10300 level and within 2days went to the all time peak of 10755+ levels.What i mean is a kind of gambling is on in this index future.

So play safe with proper stop loss...one wild swing may wipe out all your capital.The individul traders can not trade this without guidance or expertise.we wish you to take support from us.

Market Today

The world market is in total mess..

But the real impact is not seen yet in our market.

As i used say, no market can de-couple itself from the the rest of the world...as it is evident the exchange to exchange trade and the "any index can be traded from any where" all this will not allow a market to move independently from the other market.The real impact also, start accumulating as a hidden water under the rock and burst out any time just like as an artician flow unto every where'.

The Magical Number that Play well in Banknifty

There are news or rumours around every where among the traders that> 'The banknifty will go to 11,000 levels' . The traders of this index future were really stunned and was in dilema of not to short or even affraid of longs at 10450+ levels...The banknifty intraday volatility used be beyond 100 - 300 points. but due to/including the above factors the volatality was shrunken and many days the difference between the day low to high was within 70 points.

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We have been continuously and consistently learning and discovering many hidden treasure of this index future by various means right from the volume statistics to advance chart anlysis.

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It is worth and all our clients are now sharing the rewards with us.Recently we have 'discovered the Magical figure'. Today our magical figure was in '10492' and the market down to it sell and up to it buy...In the opening bell the market shown open punch in 10451 and actually traded near 480 and we sold banknifty at 10487 and kept this magical figure as SL...The today high was 10491.00 and our magical number was not hit...Soon after we sold,we placed a buy at 10346 but at the end 3.26 pm we covered our shorts near 10375.00.We made approx 120 points in one stroke and apart from this we have also done 3-intraday swing trade where we manged to gain another 80 points.

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What a surprise in one point SL was not hit and we gained 120 points instead...The learning always pay rewards...That's what we have learned today.

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What we can expect on 12.08.2010 ?

a) The banknifty today closed very weak and the global markets are also seems to be not in favour.The infosys,Reliance,Sbi,Axis are also weak and the nifty also failed to complete the rally above 5500 and closed today near to 5400...considering all these facts the tomorrow market may open in flat to marginal up and may move down from there on. if , banknifty go's down to 10340 level huge fresh selling may come in and push it further down to 10200 level.

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b) The 'icici bank chart shows some bullish indication', and it can move beyond 1050 and SBi result is expected tomorrow. If both these scripts shows some strength tomorrow the banknifty again may go to 10420+ levels and if , able to sustain and move & close above 10460+ may add strength and take this index future further to 10550 level.

UP Date @ 11.45 pm

Hi All,

In continuation to the above.... now things are clear tomorrow our market open in gap down.The world market crashed.

FTSE - DOWN >131 point -2.44%

(DJI - Down >-2%

DJT & DJU are down more than -4%)* *Market not closed yet.

We Invite you to become our subscriper and enjoy the rewards.

Our subscription Charges:-
a) Banknifty Future Intraday Tips Is Rs.5000/-Month
b) Banknifty Positional Is Rs.5000/- Month
c) If, You want both Intraday & Positional, You Can Pay Only Rs.9000/-Month.

How To Become a Subscriber and recive our tips ?
a.Send Us a Subscription Request to:-
' atmoaiswar@yahoo.in .' and also call us for confirmation at 9659805428 (Monday -Friday between 10.00 -4.00 pm)
b.We will send you our Bank Details for you to pay.
c.Once your payment is recived by us, within 48 hours we will send you the welcome kit with Essential Guidelines, and there on we will add you in our yahoo chat list,Once you accept chating option with us, you will recive our intraday-tips during market hours.
d.We will also give you online guidance for all your queries 'Instantly'.

____________________________________

Edge to Edge Trading Possible?

Edge to Edge Trading Possible?

Yes possible..Today we have made it in banknifty.

The banknifty closed near 10450 yesterday and we sold it for STBT and today we covered the same in the opening bell @10430+ bought fresh for the day we exited the same at 10454 level and the day high was 10459.We were waiting for the right moment for a fresh sell and sold it above 10450 and covered the same in 10360 level . In one stroke we made 100+ points and also bought it near the days low 10352 and sold the same at 10380 level.

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The banknifty showed a prolonged upward move and today nobody would have been expected a fall like this and we were expected and made a day fruitful for all our clients.We have almost done an edge to edge trade and drunk the full juice.

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What do we expect on monday?

The banknifty closing today is favoured the bear...in my earlier post's i wrote this scenario.The banknifty closing below 10440 is weak and today it gone down to 10400 and closed near 400.The Banknifty may take support near 10300 and a fall down to 10288 is a confiremed breakdown and one can initiate a positional sell.

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The Nifty today went up to 5475 levels and the indicators were screaming and lot of profit booking were seen.In my pre-market view i wrote to my clients the nifty fall down to 5440 brings huge selling and the whole day it was standing still near 460-70 and after 2.30pm the fall started and nifty touched a low of 5334.Now nifty has minor support at 415 and breaking down to 5385 is a confirmed bearisness.

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The Reliance today traded in 3 digits and Sbi,icici bank,infosys showed weakness and if this weakness extend on monday a deep fall ahead.The globals factors are also in favour of it.The augest end is going to witness so many ups and downs.

Banknifty Future Trend Tomorrow

Today banknifty opened in marginal gap down and showed weakness almost the whole day due to the weakness of SBI and other banks.Where as the Nifty future went to the new high during the end of the market closing.This caused mainly due to the rise of infosys about 70+ points from yesterday to today.

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What can we expect on 5/04/2010?

Today the bank nifty future came down to 10360 level and rose to 10460 during the end.The banknifty shown weakness's whole day and was seen choppy trade within a narrow zone.

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When i look at the banknifty composites - The 12-Banks in this is > '10 banks declines' Vs '2 banks advances'. The banknifty now in over bought zone and the further upmove may end here near 10500 and not a surprise if the correction takes place any time.The other reason here is, if i am right the banknifty will face a Double Top near 600 level and considering this fact we must anticipate a reversal soon.The banknifty now has a support near 10230 level breaking down this range 200-250 will bring huge selling in banknifty .Not only this the bank like Sbi,icici,axis,hdfc,bank of india has breached a high recently and any time the profit booking will take place,that will bring down the banknifty down side, inspite of nifty upmove.The infosys& Reliance weakning on the coming days may weaken the nifty too.

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i also would like to include the other bloggers message to your attention.

Bhavan said...
It seems that everybody is very much afraid of the move the market is making.

Cautious one should be but with every upmove why this feeling that the market is going to crash?

A lot of money is involved at this stage and many more other things are at stake so a big fall is questionable.Market is always full of rumours on both sides all known bulls and bear analysts sing a different tune every time a new high/low is created but we all should know that these' quotes' as well as figures are always manipulated or calculated by some experts.With lots of TA knowledge being sold (taught) by big institutions and new softwares being available easily the manipulators have to design their moves in a very sophisticated way so as to acheive their goals (long/short ).If one is silently observing you get a feel that all the crucial levels are being protected. If they simply take a unidirectional move they loose their chances of scalping as well as throwing away their hinderances.

They are well aware of al the big policy decisions and so plan accordingly three very important policy decisions are in the offing NBF licensce, Gas allocation OMCS to get money from the govt ?

next week and decontrolling of sugar also impending change in mining policy.So it is very unlikely that a very big fall is likely (4000 levels) except something goes drastically wrong.Even Obama came out with a statement that their financial reforms are paying well reputation at stake?

Maybe a correction is going to be there when a sector shift will take place mostly banks will take a side seat and oil and natural gas and capital goods will takeover.So all we should be doing is watch the daily prices and act as they unfold.For people who are new or with lesser capacity to bear a loss

(1) must always make a plan and stick to it these way they will be minimizing their looses if any.(2)should never/rarely take an overnight position (for eg. two days back few brokerages had given a sell call for bank of india on the preresult day @around RS.398 with a sl of 416 in just closing minutes with a stbt.next day when the market opened BOI opened @ 435 (app.) now one future lot is 1000 so a person simply following that call would have lost around rs.35000/- roughly).

3)should never trade in unknown territory

4)follow the TA in a very disciplined way

5)Follow the prices as prices do not lie.

BANKNIFTY FUTURE Where it is heading now?

The banknifty future friday closed near 10130 level and today it opened in gap up near 10199 and showed (punched) a low at-10171 and that happened to be a day's low and it rose to 10240 levels in few minutes and 280 levels it stood for a longer time and went to 320. During the market closing it moved up so quickly to 10398 levels.The low to high difference is about 250 points.After a long time the banknifty future shown high volatality today.

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What made it to reach 10400 levels?

The Sbi and icici bank and other banks were shown great strength today.Especially the SBI went to the new high Rs.2600.00.The nifty trend last week was in correction mode and today it struggled to cross over 5420 level and finally during the closing the Sbi took charge and lifted both the index's up and nifty breached the 440 level that shows the suspended correction.

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Where the market is heading now?

Today, all the banks in the banknifty composite was in bull mode and almost all other banks are also were up and took up the nifty and banknifty to the higher range.The nifty now has minor hurdle at 5460 level.Tomorrow we have to see this level, if nifty sustain above 420 and crossed the 460 levels the positional short holders have to be alert to reverse the position.

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The Reliance industries did'nt participated today, and it shows some symptoms of weakness and it is also potential enough to pull down the nifty below 5420 level.The other possibilities is, if the Reliance act bullish tomorrow it may lead the rally.

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The Banknifty today crossed over the important trend line near 10300 and it is usuall that,the market will reverse when it hits the trend line.But today banknifty showed unusual bullishness and reached beyond and touched a new high 10399* (The spot was in 50+ points premium).The banking stocks are still strong and may take it to further high's. If the Sbi/icici bank or Reliance may turn weak means there are chances for a reversal in banknifty.Now the banknifty looks firm above 10270 level and down to it one can go short with appropriate SL. The 10098 and down to it will make a break down/correction in banknifty.We must look out the move of SBI & Reliance tomorrow to decide the positional trade.

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Now, i feel the market is witnessing a critical zone and difficult to predict positional longs/ short. so better trade with sl or sqaure all your positions in intraday.