Live Market

Monday, November 15, 2010

The Opening we sold banknifty in 12560 level and before we place SL the market fell sharply to 495 and we covered it with 60 points profits.We made four attempts in intraday trade and made 53 points as an average in each and net profit we made in intraday today is about 200 points +..(qty-100X200=Rs.20,000/- made by all clients)

In the afternoon near market closing we kep our self's aloof and just witnessed market bounce up to 12740 levels.The sbi were very aggressively gone up in minutes and that impact shown instantly in banknifty future.The banknifty and nifty closed firm and strong as i told in my last post it will again bounce upto 12900 level and take firm move from there ..The Direction may be only can predictable during that time.

The tomorrow the banknifty may open gap down and sustains side ways as now it locked up in a range and many banking stocks touched the pinnacle so the possibilities of further upside is limited.

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