We made our day fruitful today.

Hi All,

We made our day 'FRUITFULL' -in banknifty intraday.

The first 16 mins after market opening we made 130 points profit in banknifty.it is a kind of record and that boosted our confidence. Many of our clients trades in 20 to 50 lots have seen huge money today. The net gain we made in intraday banknifty was 215 points..We just amazed by our own performance.Just Imagin> 200points X 100 nos=Rs.20,000/-. Many of our HNI clients made about 2-lakhs ruppes in intraday trading.

How We Made This Possible?

We have been intensively looking into each and every technicals about a decade and developed our own software tools that is very appropriate to our indian market analysis. Based on this, we have spend yesterday whole day as we found some unique signals in our tool and intimated all our clients yesterday evening not to go intraday long in Banknifty or nifty and today 8.30 am we also alerted all our clients about the mild correction that is going to take place today.

In the market opening , we waited for the sell and sold exactly in the day high at 12340(day high was 341) and covered it in 270 and we double bought it in 277 and sold it in 296(double sold) and placed a buy at 12166 and sit tight for few hours and our target was achived.We have not left a single opportunity...we sold again in 195 and bought the same 2 mins before the market closing at 148. All our clients were really thrilled..we too surprised by the technical that worked very well today...The market was not bound to technicals all these days due to the excessive bull power...and today it worked perfectly well.Now the bulls are seem to exhaust itself or rest for a while!!...

What we can expect now?

We have predicted our market is going to correct. The correction may be mild and tomorrow is going to witness an important day of reversal.The bull may give up the powers to the bears.The banknifty may slip down to 11800 level and nifty may fall another 100 points down from the CMP.

The correction may not continue further down to 11800 the banknifty may bounce up again as the banks are still attractive and not willing to give up its status quo.

We have been alerting all our readers to book profit in holdings and keep cash reserve.Now avoid fresh longs in any scrips.Do all your intraday trade with strict stoploss.

What Is Happening In Our Market?

The Indian Market is Zooming like an ferocious spain bull that fight and move ahead and kick-off all hurdles on its way. The Nifty touched the 6000 mark and Sensex gone to 20,000 Mark. I am really not thrilled by this rally. but on the same time holding tight for not going fresh longs.The waves are good but not able to see what is hidden under this blue waves. The logic mind always suspect and refuse to accept the present up swing. I also advised all my clients to book full profits in the blue chip companies and ask them to keep cash reserve. Mainly the banking sectors which is inflated so much and do not able to really measure the with standing capacity of the inflated baloon...I wish all my friends to land safe before the baloon blast out of the excessive pressure.

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The indian market is seems to be very much coupled in this rally with global cue's. but when i look back the recent past correction our market was not intact with the global correction and de-coupled it self and now for this on going rally it is very much coupled and any up in the dowjones that impact our market. Our market react instantly in the same manner and get along with the world cue's.Do not know how to measure this rally whether it is a pseudo or reall. Any how play safe and safety is always better in this market. What i mean is do not buy fresh scrips...instead book full/partial profits in your old holdings. Every one get attracted to buy a scrip in its high price probably if, you buy now you are forced to buy the scrips in its year high.

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The Banknifty today shown good swing between 12200 to 260 level and we attempt more than 8 trades and gained 100+ points.The market opening onwards we started selling from 12340 level. The nifty was firm today and the 6000 sentimental level didn't bring much profit booking as expected. i saw a lot of gambling in SBI and Axis bank today.

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Now, what do we expect?

First thing is to accept the fact,the market is in the hold of bulls that run run...Allow the bull to exhaust itself and be ready to attack the bull when its loses its strength...till then if,possible sit on the top of the bull and get along with it, where ever it may take you...Hold the bull tight and make sure you will not fall when it run fast.Reach the destiny and land safe. or Stay away and be a on looker of this bulls fight from the gallery.

The Money Power And The Peaks Of Gambling

Dear Traders/ Readers,

Last few days i have not posted ' The Pre-market Banknifty' view 's

...it is not because, Neither i was too busy nor to lazy.

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To be honest with you, i am not keen in writing as the market is not bound to any technicalities.As it is driven by the vested intrest of the market operators world wide(Mainly by hedge funds) and a certain rapid surge of market made many retail investors/ Traders to cry. So what ever view i may give is going to be futile in its attempts . Considering this, I didn't post anything as it may be a simple assumption/intellectual stuff about the market and nothing helps you in the real market .

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Today i happen to visit my other friends sites and happen to see these two intresting post's that exactly reflect my mind. i bring out here the same for your views too.

Picked up from some forum
WHAT IS MARKET ?

BSE = Bombay Se Exit

NSE = Nation Se Exit

F/O = Future Over

Nifty = No Income For This Year

FII = Fraud Int'l Investor

BTST = Buy Today Suicide Tomorrow

1.Who Is Driving The Rally?
The Kind of violent moves that we have witnessed has surprised everyone, this rally seems to have been driven my Hedge Funds. They are fuelling this rally worldwide with the help of cheap money i.e. near to zero interest rates but this kind of move is typical of impending sell-off because the last moves are always violent and creates the euphoria so much so that people are actually afraid to short the stocks. It requires the guts to call the top in such market because in such markets technicals, astro, everything fails, keep in mind these kind of moves happen only when the large reversal is looming, people are forced to buy high-priced stocks, media is manipulated.

Source:-http://marketsinandout.blogspot.com/

2.NIFTY FUTURE :
The rise in Nifty Futures seems to be a one way game - 650 points in 14 trading sessions (Avg run rate of 46 per day). This (possibly) last leg of the rise reminds me of Twenty20 cricket match where the last over is meant for hit out or get out. For the market students its the best practical example to experience what money power can do.
There is not much to say in these circumstances except that 6010 and 6075 can be resistance levels. But considering the US markets at the time of writing, be prepared for continuation of today's game. Will it continue this way for a long time - the answer is a definite NO. Either the buyers will have to rationalise their thinking as the market goes higher or there could be some event which forces the participants to revise their thinking. As such, new high on the first day of the week reaffirms my thinking that this week could provide a turning point as stated in my last weekly post.
As per the Turning Points Grid 5950 is the first level, below which weakness may start. However, in the current market mood it is better to be on the buy side and benefit from the rally or be a bystander and let the storm pass. I feel not doing anything at such irrational times is a safer and better option. If you recall, mood in the last weeks of 2007 was very similar. As such no market can go up/down continuously - this 14 day period itself seems to be overstretched to me.
Put Call Ratio of Index Options decreased to 1.11 as against 1.36 on the previous day.
Please do not trade without STOP LOSS.
With Best Wishes,
Ketan Asher.

source:-http://go2turningpoints.blogspot.com/

INTRADAY JACKPOT CALLS SUBSCRIPTION OPEN NOW

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The Banknifty attained 12,000 Mark 1st time

The banknifty today opened near 11880 level and went to 12,029 and market a all time high and fell down back to 11870 and closed near 950. Today the banknifty was in a range bound within 11870 to 95o but a lot of speculative swing trade was seen within this level...The eratic up and down move was really a thread for stop loss makers..That too in the morning session so many wild moves and afternoon it was some what subsidised and during the closing we have seen a shallow moves.

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The up move is a shollow one or a reall one? ....now we have found out it is nothing but a technical rally and that may mildly reverse from 12,000 levels and we expect a side ways range bound trade for few sessions and may come down to 11300 shortly. Avoid fresh longs at this level. The nifty also finding hurdle in 5860 level but a gap up move may take it to 6000 level soon and minor correction may possible before going to any new high's.

The Shocking Upmove...

The last thursday banknifty closed at 11388 and today it opened near 11470(Day low 440) and the trade was seen above 11520 and the SBI,ICICI,Axis and almost all banks shown a shocking high's and consistently shown strength and shot up to new high's. The Banknifty shown a day high of 11878 and the spot gone near 11900.The Sbi is nearly 150 points up.Icici bank neatly done its 1100 level. The today market surprised everone and i too happen to attend so many desperate calls from both the bulls &bears.The market up-move is a shallow rally or a choppy side ways ahead!!! .No one is authentic to say or predict this.Follow your own trading plan and trade as per your market expertise...do not fall into the trap of some one else.

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Today Market really shook every one head and we are not excluded.We tired our best to sell at every peak thinking that that was the maximum and kept a SL all were hits and the banknifty fooled till the closing and no symptoms of weakness untill its closing. The nifty was finding difficult to cross over 5740 level and finally crossed all it barriers and now try to move to 5850+ without much hurdle. The 'Ew' 3rd wave is in act now...as per that it may move towards 6340 levels...The last few session there were not much weakness the market witnessed/indicated. The nifty fall below 5630 only can give hope for the bears...

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The banknifty up move was really a thread to the bears. The bulls were also booked profits for their long so soon, as they were not expected this high nearly 400+ points in a single day. We gave a long call in Axis Bank and we asked our clients to book profit soon and once the profit was booked it went up by 20 points. The trend today was unexpected one and so much of speculation was seen. The Banks and the new policy around the world lifted the world markets and all are in green while writting this post.What are the causes for this unusual move is really unclear.if any one has got some grip kindly feel free to share with us.

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Caution:-

The market will go to what levels is not sure and there were so many rumours that spread among the traders from both sides(Bears&Bulls) and the small trader really are really need to take care or avoid trading for few days.The SL if you place anywhere it is very certain the market will hit it...The market is in it eratic phase now.Thats why the nifty was struck in 100 points over few months was able to claim up 100+ points in intraday..The Rally or Correction time the market used to be very ferocious like an reall bull or bear.

Banknifty May Fall!!

The banknifty today touched the day high of 11240 and the day low was 11074.The opening we sold near 11110 and covered the same near 11080 and we bought it again near 11155 and sold the same 50% near 199 and rest at 11236. During the closing we sold Banknifty at 11205 and thought of carring the short for 'STBT', but when it fall to 170 level we covered at 175 after covering it fell further down to 11140 level. The closing was weak in banknifty. The tomorrow banknifty may weaken further and any down move down to 10970 will bring fresh selling and it may reverse the on going rally in banknifty.

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Today was one of the great days for us , as far as the profit is concerned.We bought almost banknifty at the days low and sold the same at the days high.We gave a STBT call in Icici Bank yesterday at 1038 and covered the same at 1025 level today morning.We also gave sell call in Kotakbank at 850 and covered the same at 844.These calls we give free for our banknifty paid clients.

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The Nifty seems to find hurdle in 5620 level. It fall from there twice,the other day it went to 612 and fell,today too it fell from 620 level to 580. I think, if the nifty break down 560 level may bring fresh selling in nifty...one can go positional short in nifty with the sl of 5624.

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What Do We Expect Tomorrow?

The Banknifty went to the 11240 level and for no reason it fell to 140 level during the closing. A 100 points fall in short time duration was indicating the base is not so strong/ solid . We expect a weakness in banknifty tomorrow. The icici bank was weak today,if the same continue tomorrow the Bn will fall down.

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On the other hand the banks merger with Sbi news made it to zoom up about 50 points in no time and still the banknifty was failed to touch the new high (That would have been easily reachable). There are some hot talk about the banks D/E Ratio( Debt Ratio Analysis) among the taders we need to study it further.Now we have the understanding that,the banks may fall any time.

While writing this post the Asian market is in red and the US market we have to watch out tonight for tomorrow opening prediction.

I wish you to avoid fresh longs inNifty&Banknifty at the current level.

Banknifty Poised For a Up Move?

The Banknifty future were traded in side ways last two days thursday&friday respectively.Today it opened mild gap up at 11005. We initiated fresh longs at 11012 and placed a sell immdiately at 11114.00 we were expecting the upmove will halt at 11188 but it was not it went up to 11240+ and during the closing came down to 11200 level.

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We have cut short our longs near 11070 and we attmpt 4 sell near 11135level and covered the same at 11115 level without sl hit.During the closing we also sold near 11225 and covered the same in 11205 level.As far as the intraday is concerned we have done our part well and gained more than 80 points.We actually missed this intraday rally hence we bought at the days low but not sold at day's high considering our intraday comitments for our clients 50 points we booked the same after seeing the reasonable profits.

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The Banknifty made a double top near 11145 level but it is invalid now as it claim up to 200+ level. Now it is poised for a up move around 11350 levels.The icici went to 1040+ levels and Axis Bank went to 1400+ levels.The Sbi also seems to be strong so all these may put the banknifty in a bull mode.The Hdfc Shown weakness today.We gave a buy call (Free Call) in Axis Bank and all our clients were made 20+ points in the future segments.

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Now, What Do We Expect Tomorrow?

We have seen good consolidation today in banknifty and there were not much selling pressure due to profit booking also seen fresh buying so tomorrow it is again poised to move upto 11330 level and there it may halt and revrse.The icici bank now very strong and may further move up to 1100 and sbi to 3000 level.

Avoid fresh longs.

Why This Congestion in market?

The 'Gap-Up Opening' today did'nt bring the activeness in the market.The market was very much congested today from its opening to the closing. The banknifty future opened in 10950 and came down to 927 that remains a day's low and slowely went near 960 and stagnated for a longer time and it marked 988 as days high but not able to saty over even 2 mins and fall back to 950 levels.

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Why this congestion?

The low to high is only 51 points, it was caged in a narrow zone. A kind of maturity was seen.it was unable to claim up or fall down the buying and selling pressure from both ends made a day of congestion.The icici and axis banks are shown strength,even the Sbi is not that much weak it would have gone up...but the traders seems to cut short their position by booking profits for a small up and down moves.

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As i stated in my pre-market view the banknifty remain in sideways and shown choppyness.The day trading was really boring because of this choppiness. The Nifty shown weakness and unable to sustain the 5500 level during closing it came down to 480 levels.

What do we expect tomorrow?

There is a chance for gap down opening tomorrow and the banknifty may trade in side ways. A move down to 10830 will bring activeness and one can see good volatality in intraday. The 10900+ levels will not attract fresh buying...between 860 to 980 range will remain choppy or less volatile a firm move up or down is only good for active day traders.

I will not advise now , you to initiate fresh longs at this levels.

Will This upmove continue?

The Banknifty is fullfiled our expectation as we wrote in our yesterdays's pre-market prdiction.Here i am attaching the same for your attention.

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"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. "
"Tomorrow we expect a Gap Up opening in banknifty.If it open above 10840 by chance it may surge it further to 920 level "

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Today the banknifty future opened in >'gap up' near 10780 and surged to 802 and slide down to 758 level and that was the day low.In the the opening we initiated a long near 770 and placed a sell at 834,but when it fall down to 760 in no time we made a double sell and it came down to 758 and rose up to 840 then it fell down to 765 level that made great mess and the day was very tricky as far as banknifty is concerned. it hits all SL here and there.The sl eat out day.. The BN slowely shoot up again to 840 levels...there its sustained well and went up to 907 during the closing.(our pre-expectation was 920)

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The nifty was very neat and fairly done all our expectation/prediction at last it went to 5488 high..we have given in our free tips stream a buy near 410 and gave a target of 484 and that was attained.The icici bank touched 1000 mark and took charge of the banknifty upmove.

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What do we expect Tomorrow?

We are expecting a mild gap down to flat opening tomorrow and if move above & sustain 10940 levels will be strong and the trend may change to mild bullishnes and reach to 980 level.The 10k level it may find hurdle so, it may move to side ways in 940+ levels and a few more days consolidation may take it further up.We also need to watch out the world cue's for this and our market is now(re) connected with the trend of the world market.