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.
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.
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.
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.
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.