The time expansion...The market lost the charm.

The time expansion seems to weekened the charm of the active market trades.I really need to see weather the overall Trading volumes of the markets both in Bse and Nse are raised or not?

we have to wait some more time may be this week end we can see the differences that happened because of the time expansion.

My personal views about this time expansion is negative.i am really not comfortable to start an early trade in the morning.if they would have expanded the time from 3.30 pm to 4.30 that would have been nice for me.Anyhow,There will not be any major changes in market volatality..infact the market lost its usual charm in last two days as i see,it is such a boredom.

Many traders are finding difficult to reach the office's in time.That too city like mumbai one has to wake up so early and start their journey atleast by 6/7am,if they have to reach city from the sub-urban.it is a difficult times for the terminal operators to accustom to the present timings.

What shall we do now? we have to simply accept and accustom ourselfs to the new timings.let it take some more time.No way out.

BANK NIFTY- LIVE UP DATE

we were just waiting for the sell signals for intraday trading.Now we got it sell bank nifty around 9230.00 level. put stop loss order in 9250.00

UPDATE AT 11.35 AM
1.9230.00 short covered and bought two longs at 9204.00 and sold it just now AT 9236.00
gain 24 poins plus 32 points=56 points.Waiting for fresh short.

AT 1.05 PM
2. SOLD at 9244.00 and cover it just the dip of 9196.00. plus 48 points.
NO POSITIONS on hand.

The markets seeme to be a mixed trend, a tussle between BULLS Vs BEAR.

Waiting for anther sell if there is a chance above 9250.00 level with less volume.

Today net=104 points x 50=Rs5200.00 Minus Brokerage.

BANK NIFTY FUTURE

As i said earlier in my y.day post the bank nifty is in it up trend and preparing itself for a rally..

This is what i wrote-

'So,i advise the positional traders to avoid shorts.than if you are doubtfull about going long,it is better to keep quit and be a witness untill you gain some confidence.'

Now it shoot up to 9249.00 within no time from the level 9182.keep awake if it cross over 9260.00 with volume,one can go positional long.

intraday trader stay away...if there is a chance for you to sell make it with a stoploss of that moment high.

Intraday traders as usual be blank and flow with the current of the market sell and buy or buy and sell accordingly and take out your profit and go home with a peace of mind.No overnight worring about the next day/watching the midnight market of dowjones or nasdag is not really required.