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Banknifty Future Weaken Further Today

The banknifty future opened flat and instantly fell down and came down to 12180 level.Where as in the after-noon session it shoot up again and cross over the days high and the last half-an-hours some eratic fall of 100 points seen within 7 mins time and it closed weak.

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The 'Eod' chart above shown, showing the banknifty future is weaken further today from yesterday chart. The today market was quite un-predictable as the F&O closing+the fight between bulls and bears to sustain their 'status quo' it swung on both sides.. it went up and fell down.The SBI was very volatile and Bn acted as per the sbi moves.

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The Nifty today made another low and seems very weak.We need to watch out the 5839 level digilently weather it breaks down or take support and move up!!. The first week, the market may witness more swing as the largest issue ever in indian history 'Coal India" issue is going to open this will bring more money into market as the sellng/buying will be more aggressive in this scrip. I belief it is a very good scrip to hold for a long term beyond 3 years .

Market Done well as per our yesterday pre-market view

We wrote in our pre-market view in yesterday and the market today done exactly the same.It opened below 12380 and selling was seen and came down to 12200level.The days low was 12161 and high was 12397.During the closing short covering took up to 12280 level and closed very weak.The nifty also now in positional sell mode it may slide down further to 5800 level.We expect the banknifty will fall down to 11800 level soon.

As i waa busy in some media interview unable to update in time.....

What we can expect now?

The 9.15 market opening time gave us a good oppurtunity personally i feel it is a very good system that curbs so much of market speculators and the high jump gap ups/downs trap will not be there much as it used to be in the past.

The market perspective now at present is down,as per today closing the market has to slide down further...but the hedge funds may play major role and try to lift it up by gap ups/runnining gaps...it this attempt fails the nifty may take support in 5800+ level and banknifty will be sideways for 2 days till f&o closing.After f&o it may touch 11800 level and chances are bright to bounce back to the previous highs.

The Range Bound Trading Will not sustain now...

The banknifty struck in the 'Range Bound Trading' in last few days and i expect it Will not sustain this range now on the coming days...The banknifty opened today in 12500 level and there on shown weakness and fell down to 12400 level >now the 12380 range seems to be a hurdle for break down a opening below this level bring fresh selling and can slide down to 12200 level. Tomorrow a gap up opening above 12545 level only add strength or it slides down and go out of this range bound on the coming sessions.As i wrote in my y.day post avoid long..

Today we sold in 12495 and bought it in 12430 level and done only 2 trades with profit..The day was very much snail moves within a narrow range of 12380-500.not able to much trade.

Banknifty Now struck In Range Bound

The Banknifty today shown strength struck in 12640 level and was unable to move up and fell down and the running gap down was seen.The closing shown weakness and it is now struck in a range bound of 12400-600 level. The critical support lies in 12277 level a fall down to this level may weaken much more and a free fall may expected.The 550 level will enhance more side ways for 1/2 sessions and a firm direction will take place before this week end.

Today nifty was able to claim up but as it move's up the selling pressure was also seen and it came down to the previous friday closing levels. The SBI shown bullishesness and inspite of that the mother index shown weakness.The banknifty future trades still in '70+points' premium and this is not an ideal situation to go long, as it may any time turn -ive. Be watchfull about your longs or do it with SL.

After the COAL INDIA - ipo, We were expecting....the market direction will be clear. but, still there is no clear cut change in the market direction...it is still in Range bound and the market move is very much like a snail. Occassionally, uncertain jerk also seen as per the pulse of today. It is an indication of 'Flight' situation...

The Positional Short can be hold?

In the above EOD chart indicates clearly the wen banknifty and one can hold positional short in banknifty...But one has to be very diligent and a full timer in holding positional shorts as its swing from 50 points to 500 points within a day.The monday market we must be watchfull as the relief rally can happen and it becomes an important do alter or carry position short. The nifty as of now showing great weakness as the COAL INDIA 'IPO' Suck out about 40 to 70 Thousand crores from the market.On the other hand the result seasons so many scrips are booming into new highs.

Trade with caution as the market now not satic and have option to jump both sides.

Banknifty Relief Rally?

The banknifty today opened mild gap up and shown instant weakness fell from 12380 level to 12232 that was the day low and from there are it traded few hours in side ways and slowly gained strength and gone up and touched the day high 12580 level which is unexpected 'U' turn.The nifty yesterday closed very week gone down to 6000 mark and today it crossed 6140 level.Now i expect a gap down opening tomorrow.Today due to the hike up price of sbi about 80 points made banknifty very strong and many companies result was seems good and taht lifted nifty up side...The market is again going to slide down on the coming days.Let us wait and watch.

The Market Is Begun For a BIG FALL?

In our yesterdays post we wrote about the market that was claimped up during closing and that is going to futile today.That was happened.Today the market opened strong near 12484 and fell deep down to 12360 level. Then it slowly sustained and gained strength and gone to 12500 levels there it shoot up and run up gaps seen till 12620 level . We observerd the market was like - 'the horse eye's which is tied and reached it destiney without seeing anything on the way...A I wrotsimilar way the banknifty touched 12620 and slowely came down to 580 from there it went down. The market fall was in such a speed and broken the earlier days low and went deep down to 12260 level.i wrote 2 weeks back when the market was in 12800 level about this level.

As usual we made great gain at every level buy/sell and we exactly bought at 12504 and some how seen the market fundamentals was weak and exited there..but it went to 12620 level...we were waiting for a sell and sold in 12588 and there on we started accumulating profits in free fall where we were holding short..we always allign ourselfs along with the market and that is been our secret of success and that paid great reward.We knew how to turn the situation into our favour.

Now what we do expect?

The market > Nifty and Banknifty now in a positional sell. The today market and yesterday market witnessed so much of selling and we do expect further selling in nifty and a breakdown of 5992 may be a critical level for a correction of about 700 points minimum. So be cautious of your longs.Book profit in your scrip and keep cash reserve.

A Jacpot Day For Us In - ' Banknifty Future Trading'

Today we made an excellent trade without any sl hit we made 7 attempts "intraday Banknifty Future" and succeded in all . The market opening we sold near 12465 and placed a buy at 12320 and was bought.We gain sold at 12380 and covered in 12248..similar way we attempted and gained Nearly 300 points in intraday. So it was a ' jacpot day ' for all our clients.Infact we sold in the days high and bought near the days low and gained the maximum in banknifty.

The Levels we have mentioned for buy/sell in todays intraday was very opt and all our targets were achived without any modification. We have been doing intensive study in banknifty and the levels we aims for our trading is quite facinating.Most of the clients were amazed by our sell or buy calls when it exactly touch/achive the levels we mentioned.Any way we welcome you to become one and enjoy the jacpots everyday.

Now What we do expect tomorrow?

The Nifty touched the days low of 6007 and the 5990 was the days critical support and a breakdown of this level would have attracted huge selling in nifty as so much of SL/Basket selling were placed here for positional shorts...But some how the market slowley rose and sustained in 6035 level and during closing it jumped up to 6120 levels.I could see already so much shorts have been build up from 6250 levels.The Nifty fall down to the 6000 mark now is very critical and the indian market may face huge correction about 500+ points.So the bulls be carefull now and avoid longs or do it with strict SL.

The Banknifty is weak below 12410 level and it is the level of positional shorts.Today it fell down to the days low at 12236 and during market closing shoot up to 12450 level.This exhastion runing gaps is futile tomorrow.Be wathcfull the market witnessed many a times a false breakouts.

Pseudo Rally Failed?

Yesterday the banknifty shoot up from 12500 to 12850 level and the 650+ level we have seen a 'runing gap ups' and during closing the 'exhaustion gap up's seen.The Nifty and Banknifty futures were traded in high premimum when we compare with the spot.The gap's were very wide for banknifty about 100-points wide which we understood the weakness

(The Ground Reality is seen) and pseudo rally . We are very much sure all these gaps will be narrowed and the left over gaps must be filled today.That was proved today all gaps were filled.

Today we went short in the opening in 12880 and covered the same at 12828.When it broke the 800 level we sold again as we expected the ' island of reversal ' and as per our expectation it happened and the market fell from 12800 level to 12560 level.We almost attempt every level sell and cover and out of 7 trades 2 SL were hit. Over all we made good gain.We sold near the day high but covered short so soon as the market many times witnessed false breakdowns.if we would have kept our short from 12880 level to 12600 level we would have made 280 points in one stroke..but considering safety coverd soon.

Now what we can expect Tomorrow?

The 12600 -700 level seems to be a kind of consolidation and side ways zone.The banknifty falling down to 12500 level now brings fresh selling and the bear may over power...till then it is going to be a real tug-of-war between bulls Vs bears.Today the banknifty high was 12888 whis is all time high and nifty made day high 6317 and the all time high was at 6346 and the break out of this level failed and a steep fall of nifty is an indication of a minor correction may possible.I feel the relief rally in banknifty is a failure one.

The Banknifty May Fall Down!

The Friday the banknifty witnessed weakness and it was closed around 12530 level and today it opened in gap up.'Inspite of this gap up opening the banknifty was unable to move beyond 12630 level'. The day high was 627 and day low was 510 ...the whole day it was caged in this tight zone and in the afternoon session a steep recovery was seen from 12520 level to 580 but it was unable to sustain in this level or unable to cross the 12600 levels.That shows a weakness sign..As per my observation there is not much fresh buying seen as expected...when the market open in gap up about 100 points...when usually this happen the short covering panic buying or fresh buying would have come and that woud have took up the market further high's...and today it was not so?. So can we take this as one of the factors for weakness

We initiated a short in the opening around day high in 12623 and placed buy at 12567 and waited and covered...As the market was in narrow zone we made 4 attempts and 1 sl was hit.Over all it was a pleasant trade as far as the profit is concerned.

Now What we can Expect Tomorrow?

i expect the next 2 session the market may show choppines or side ways trend..and there on, we can study further or forsee the trend. The Banknifty is now weak below 12380 and attract fresh selling...if , This happen, a free fall is expected. The Nifty now strong above 6208 and weak below 6118 and a free fall may happen down 6082 level.

Trade for profit- Do not apply your mind/Ego in trading...When you start fullfilling your ego in prediction, you may fail in making profits.Do not allow your ego to curtail your profits. just follow market pulse and your trading plan with strict stoploss.

Intraday Banknifty Futire Update at 1.30pm

Friends,

Yesterday i was busy and unable to up date the post.We have made about 200 points in intraday.This week is very good for us as the banknifty was adapting all our technical predictions and we made a good gain.Today opening we sold at 12600 and covered at 554 and again sold near 604 and covered at 512....This week alone we made about 513 points gain in banknifty which is great to achive only in intraday.I too aware many visitors of this site may not belief.The reasons are > The people who is in the market is already filled with many stories and will not hear what we say...The people who is new may not understand what we are talking about.

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The banknifty now trades in 12500 level a breakdown below 12454 will bring fresh selling...i am expecting a red closing today.The nifty fall down to 6084 is blood bath...be cautious in your trade and keep the trigger price wide in your sl-for longs...there may be a jump down running gaps.

Update After Market Closing/Post Market View

Again we made 3 attmpts and suceded in 2 and one sl hit about 16 points..We sold in 12623 level and placed buy at 512 and a steep fall the buy order that was well placed before was bought and made 111 points gain in one stroke in the after noon session.Again we sold at 12520 and covered at 466 and 3rd attempt sold in 526 and place sl at 536 that was triggered...Over all the net profit we made in intraday was 209 points today.

What we can expect on monday market?

The Nifty during closing recovered and closed in not so strong nor weak..So the monday market it will open in mild gap down and sustain in 6150 level.A fall down to 6084 may attract fresh selling and as per the pulse that time according to global cues panic selling may come...if by chnce it happens nifty will face a correction that correction may continue from short term to long term.I wish the traders to ook profits mainly the A group holdings.

The banknifty fall down to 12458 will attract positional shorts..and take it down to 12180/11800 levels.

Banknifty Finding its ways out...

As we expected and posted in our yesterday post today banknifty shown great volatality.It is yet another jackpot day for all our clients.In the market opening itself we sold at 12760 and placed buy at 636 and that happen to be exactly the days low...but we have covered all short in 644 itself. We have made three attempts without any SL and made a huge gain.We also alerted all our clients over phone short bulk as much as one can and there were few clients sold 100 lots and profited 116 points in one stroke.Around 3 pm we sold again in 722 and placed buy at 667 and made 55points..over all a 200 points gain (The banknifty low was 12636 and high was 767-Difference from low to high 131 points...where as we made 200 points by swing trade)

What one can expect now?

The Banknifty is in the process of Finding it ways out now..A transition phase and we do not know which side it will move!!! upside or down side..!!

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Now it will trade in a 150 points narrow zone with more swing as per the present EW properties. The 12600 range seems to be an ideal level for good volatality. A fall below 12450 may bring it down or a 3 to 4 days consolidation may take it to 13200+ levels.The nifty today shown weakness and during market closing it shoot up and sustained above 6200 level, that is again a worrisome fact for the bears.The nifty life time high is 6346 another 100+ points away if break out this level a major pull up rally may possible.There are news around nifty will go to 7200 level.I wish be a wise trader and follow your own plan of trading and ignore all rumours...just be with the market pulse and get along with it.

Caution: The word of caution from our side is trade- 'only in intraday for some time with SL' . Avoid fresh longs in both Nifty&Banknifty.

' More Volatality ' is on card in Banknifty future

Today we have noticed the market was similar to yesterday and the only difference was the runaway high made yesterday was 12787(all time high now) and that was not achived.The day high was 12748 and today made a better low than yesterday i.e 12630.The cross over from 690 to 730 jump happened in mid-session and failed to break away yesterday's high.The better low shown today, but not the better high...The banknifty had a great swings in intraday between 677 to 71o we made nearly 12 attempts and gained about 200 points in intraday.The stop loss we kept very narrow less then 10 points and surprisingly most of the time it was not hit.The pre-market view we have send our day prediction and our expected high was 12748 and low was 12633...Amazingly the market done the same and bound to the technicals very much today.

The tomorrow market also willing to show so much of volatality in intraday.One can use the swings for day trading. The banknifty may weak down to 12430 level now or it sustain and move sideways with so much of swings between 20 to 30 points.One can adapt short and longs for 20 points gain with less risk.

The Nifty 6200 mark attracted so much of selling or may be profit booking and a fall down to 6140 will bring more sellings.The short-term view of our market is really bullish and may cross over the life time nifty high(6346).i also wish you to avoid fresh longs or do it with proper plan.

Many scrips are in its year high and the banking stocks are breaking away all barriers all these days.But last few days a kind of shallow move was seen.Today the ADAG group shares moved up greately.

The Banknifty Has come longway right from 9200 to 12700 level.Almost a non-stop rally that firm footed and keen in reaching it upward destination beyond 13000.Today from the Market opened in gap up and lot of runaway gaps seen in nifty and banknifty and banknifty achived a day high of 12787 and made a steep fall down to 700 level.

Today we made 150 points in banknifty intraday swing trade between 12680 to 12740.We made many attempts for 30 points and the market was in full support as the volatality was good today.

The Ew 3rd wave correction is due, but as of now the market indicates - 'nothing' of such correction signals...the runaway rally is on and we may take this as an attempt to reach peaks, just before the exhaustation / decline state. I wish the trader to be more cautious and make out all trades in intraday with strict stop loss.