Hi All,
If, you would have read my daily post in this site for the past few days we have been cautioning not to take fresh longs ..Do your intraday trade with strict stop loss!! Today it is proved almost a fall of 300 points in a single day.We have been excelling in banknifty positional and intraday trade.Today we have sold from the opening onwards.We gave a special message to our paid clients " Sell Banknifty as many lots as you can" and all our clients made good gain.
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We also carried positional shorts from 11110 and we covered the same today @10710>> 400 points gain within 10 days..
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We were anticipating this free fall well before and thats why we could carry our intra&positional shorts and that made many of our clients to mint good money.In the Aug' month we have made about 950 points in intraday trading.
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Now what to expect from the market?
All this days the bannifty was showing weakness but not shown weakness price wise and today it is confirmed by going down to 10860 and made a low of 10705 after it went upto 11125 from 10300 levels.The Nifty is also gone down to the 5400 mark and now nifty has support at 5366 level.The infosys is weak due to the global cue's. icici bank is also in sell mode.
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The monday banknifty may open in mild gap up and try to sustain or trade in side ways.If the sbi shows weakness the BN may fall further down to 10665 levels.Why banknifty went to this high and fall down after F&O closing is clear all our doubts now...that the FII's speculation game done in the option segments.If they would have gone long in future this fall would have not possible.
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