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Friday, December 2, 2011

10 reasons the crisis isn’t over

Today i read this post and like to bring unto my readers.



10 reasons the crisis isn’t over

COMMENTARY: THERE MAY BE A LOT MORE BAD NEWS TO COME

DATED :30-11-2011

Stock markets around the world soared yesterday. The Dow jumped more than 300 points.
News out of Europe says they’re working on a fix to resolve the crisis there. Reports here say the holiday season may be off to a strong start. Sales on “Black Friday” may have hit a record.
So, is that it? Is the crisis over? Is it time to ramp up your equity exposure, take on more risk?
Heavens. Anything can happen. And, OK, there are stocks out there that look pretty decent value.
But here are ten reasons to be skeptical. This so looks like a dead cat bounce.
1. The market was due a rally. The Standard & Poor’s 500 index had fallen seven days in a row. But equity markets never fall in a straight line. After a long run of down days, people who’ve been betting against stocks by selling short get tempted to lock in some of their profits by buying stocks back. Others who want to buy stocks see sharp falls and get tempted to “bargain hunt.” This inevitably produces quick, sharp rallies. This one may last a day, a week, a month or more. That doesn’t mean a thing about long-term trends.
2. The report from Italy, one of the items sparking bullish sentiment, has already proven a crock. A news report there over the weekend said the International Monetary Fund was working on plans to step into the European debt crisis with a gigantic $600 billion bailout. The report has been dismissed, on the record, by an IMF spokesman.
3. The reports from northern Europe are absurd. Markets are excited by reports that Germany, France and Brussels are working on a new “bailout” plan. But look at the details! Under the proposals, the European Union will help insure the debts of countries in crisis, but in return it will be given veto powers over the budgets of the countries in question. This idea can’t survive 10 seconds of serious thought. The Greeks are rioting over budget cuts proposed by their own governments. What possible chance is there that they — or the Italians, or the Spanish — would accept austerity measures imposed by Brussels?
4. Are the Germans suddenly reflationists? The only politically feasible way out of the European crisis is to turn on the printing presses. That either means letting the European Central Bank print more euros, or letting countries like Greece drop out of the euro, so they can print their own currencies. But so far neither is on the agenda. Germany won’t let the ECB print. And countries aren’t ready to drop out of the single currency. Until one of these happens, there will be no resolution to the crisis.
5. Italy is still in trouble. Gross government debts are 120% of gross domestic product, and even net of intra-government liabilities they are 100%. Ken Rogoff and Carmen Reinhart, in their sweeping history of financial crises, This Time Is Different, found that 100% was the “tipping point” for serious trouble. No wonder investors are demanding 7.5% annual interest to lend money to Italy for five years — compared to just 1.3% for Germany. And they’re demanding more than 6% to lend to Spain.

6. China’s real estate market is looking ominous. In the past few years, economic growth in China — fueled in part by its gigantic housing boom — has helped keep the rest of the world economy from falling apart completely. Now Chinese real estate prices are tumbling, developers are going bust, and the OECD has warned that this poses a risk to the world’s second largest economy. In its latest report the OECD calls the health of China’s real estate companies “a prominent domestic risk overshadowing the economic outlook.
7. The U.S. consumer is still broke. Among the more baffling reasons for cheering yesterday was a report saying that “Black Friday” Christmas sales jumped sharply from 2010, hitting a new record. Investors saw the chaotic — and nationally embarrassing — scenes over the weekend, fistfights, pepper sprays and the like. Bloomberg reported on a woman 12 weeks pregnant camping out in the freezing cold to get a deal on a flat screen TV. If anything, this should make rational people more gloomy. Have we learned nothing? The numbers are not heartening. Despite the lies you read and hear, telling you that American consumers “are repairing their balance sheets,” the truth is total household debts in this country have fallen by a mere 4.5% from the record peak at the height of the bubble a few years ago. They are still 20% higher than they were as recently as 2005, and twice what they were in 1999. According to the Federal Reserve, consumer credit levels are rising. And according to the Commerce Department, households are saving less than 4% of their disposable incomes — a fraction of the levels seen decades ago, and well down even from 6% or more seen in 2008-9.
8. Millions here are still out of work. The unemployment situation is far, far worse than the government is telling you. Forget the official jobless rate, 9%. It’s meaningless. Even the so-called “underemployment” rate doesn’t tell the full story. Consider this: According to the Labor Department, the number of men age 25 to 54 who are out of work is officially 4.2 million. The reality? Deep in the footnotes the Labor Department says there are 61.6 million men in America age 25 to 54, while just 46.7 million are in full-time work. That leaves 14.9 million left over. Another 3.7 million work part-time. Seven million aren’t accounted for at all.
9. Meanwhile equities still aren’t cheap. This shouldn’t be overstated: There are reasonable deals out there, especially among some of the blue chips here and overseas. But U.S. stocks overall trade on 21 times their average earnings of the past 10 years, according to data compiled by Yale economics professor Robert Shiller. This, the so-called “cyclically adjusted price/earnings ratio,” has proven historically to be a reasonable yardstick. The average since the 1880s has been about 16 times.
10. The economic outlook is gloomy. Western governments have spent the last few years borrowing heavily from the future to try to stimulate growth today. According to the IMF, in the past three years the gross debts of the advanced economies have risen in aggregate from 80% to 100% of their entire GDP. We are likely to see them tighten their belts next. This was the agenda of the budget “supercommittee” here and of austerity plans in Europe. No wonder the OECD warns that it expects world economic growth to slow next.
Sure, you can overdo the gloom. The economic fundamentals always look terrible — they call it “the dismal science” for good reason. Maybe events will turn out better than feared. Let’s hope so. But it’s still a little early to break out the Champagne.

Friday, November 11, 2011

Update..

Dear clients,
Thanks for the cooperation..we were struck with banknifty shorts and the market didn't give us chance to covers due to gap ups and range bound and every peak we sold and raised avg..the notional loss+tension we carried was to high...but at last our patience paid rewards..today we are covered all shorts with profits.Thanks once again for blindly following me and my tips..Many great TA's also booked loss..but we won.Its a long unexpected battle about a month..The market is such that test all our patience..But the technical analysis which i follow lead us to gain..

Wish you all happy hunting...
We have also recommended buy Nifty 5100-put option at 30 and today we sold the same at Rs.67.More than double in 2 weeks time.Many our clients bought 1000's.

todaybefor market opening we asked our clients to place buy at 9333 when market opened and traded near 9600...but we waited..and our target was archived.

We will update from now on regularly...

Friday, October 7, 2011

Banknifty view for Monday (10-10-2011)


The banknifty and nifty almost done our preview.The previous post we wrote when banknifty was trading near 9300 level we wrote it will fall near 8500 levels.yester day the low it touched was 8637 and nifty aso came down to 4725 levels.many follower of thsi site has made handfull money..as we read thiers mails.

we covered our positinal shorts yesterday and and sold the same in today near 9130 levels and covered the same in 8940 level.The intraday swing trade also we made about 80 points without sl hit.The octber month as of now we made about 700 points in intraday itself in banknifty future.Nifty also we made swig trades and made good gain.

What next?
The banknifty today opened in gap up due to the globals cue's and we still have bearish view on banks as it fall further.In one day due to the world market Bn opened about 200 points high...i dont think over night the Bn has attained that strength?? in technical view the banknifty may fill the old gap during the 2009 election gap up..that is the 8300 level.So every rally exit your longs and add fresh shorts.

The nifty now attarct selling below 4875 levels.In 4930-50 area one can sell with proper sl.The proposed down fall can be 4760 levels.

Monday, October 3, 2011

Banknifty View For 4.10.2012


The Last week the market was directionless as it held in a tight range bound.So we have not posted any preview that may futile.When things are technically feasible and predictable then only we post here.As many traders keenly follow our blog post.As far as our paid clients are concerned it is easy to guid as they are in our chat paid group and easy for as to guide them online during market hours.


We were building shorts before expiry in Nifty and banknifty in every peak in October month today the banknifty we covered the short almost 50% near 9170 level which we sold above 9730 levels.The balance chart we still hold.The nifty we took short in 5030 and in 4820 we covered 50% and remaining we hold.Now the market out look seems to be very bearish.Today the gap left from Friday closing the market may attempt to fill this gap..tomorrow any rally near 930 we may sell nifty 50% again what we covered today.The banknifty future has strength above 9540 level below it can attract sell only.The 9000 level were tested many times but this correction may breakdown and take banknifty to 8800 or 8300 level.The nifty down side is wide open now as per the technical indicators.

today the banknifty was unable to cross the 9240 level the opening was at 9320 and the high punched was 9348..from there on it slided down and most of the day it traded in below 9200 level.Which means it attarct sell between 9200-300 level.Tomorrow it try to jump up above this range,as below 9185 the selling pours out.Watch out..

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So every rally exit longs or sell fresh.Now the stop loss trade is very much in need ..the sharp bounce in intraday is possible.

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Thursday, September 22, 2011

Banknifty View for 23.9.2011


The Last 3 days the indian market was moving up without much solid reasons and it was trading in a range and almost the direction was not visible/not predictable.We have seen a peculiar chart formation and start selling on every peak and the market dose'nt give any chance to cover our short in Banknifty and Nifty.We also recived many desperate calls from many non clients and many people were in short and held tight..We gave them advise to hold short/ sell again in high to rise the sell avg...and after the announcement of FOMC meet yesterday the Global market started bleeding in red.

The Nifty was many time failed to cross the 5170-200 band and fell sharply from there.This time also it proved the same.After seeing the Global cues the asian market and SGX nifty was trading in -104 during pre-market session.Our market opened in weak the Nifty made in 5010 punch and shown high was 5061.95 but we could see only the 5054 level only when it was trading. from there on it was unable to cross that level and fell slowly&then sharply in the after noon session and made a days low of 4986 level.The banknifty made a day high 9774 and fell down to days low 9465 and lastly traded in 9500 level.

We sold Nifty in 5160 level yesterday and almost 75% short we covered in 4908 level..Rest we hold..if market open up we sell on rise .The banknifty we sold yesterday in 10954 level and covered the same in 9580 level 25% rest we hold for 9260 level.

Now the market is open for bears attack more..So exit longs or short on every rally seems to be idle.

Monday, September 19, 2011

Banknifty View for 20.9.2011


The market today was caged in a narrow walls.It was very choppy day.The nifty was caught in 5017 to 5063 and banknifty was in 9526 to 9655.The nifty was most of the times traded in between 5025-45 level and BN was trading in 9560 to 610 levels.When it move higher level fresh selling was seen and when it fall near days low short covering was seen.It is a kind of war between Bulls&bears that caused a narrow trades.

In our previous post we wrote the market fundamentals of ours is not well and gave few reasons when nifty was trading near 5130 levels.Many followers shorted Nifty&Banknifty and today they would have covered it.Now the banknifty seems weak below 9540 if the tomorrow opening will be below this level one can consider short with SL@610.The Nifty breakdown 5000 levels indicates the bear power and below 4910 the market can slide down further to 4700 level or below it.IF nifty move above 5145 level negate this.


Friday, September 16, 2011

What to expect from the market now?


What to expect from the market now?

Short term indicators have given green signal to the market. This does not mean that the worst is over. As you may know that the Euro zone problem cannot be solved in a single day. The Nifty has moved up to cross above the resistance of 5040, probably because of short coverings by the traders. All will end well only when the Nifty crosses 5520 which is a long ...
way to go. The next important resistance zone is 5180!!

The market is still in corrective mode and there are few fundamentals shows the further down move can not be ruled out.

1.The inflation is nearing the double digit.
2.The domestic fuel price hike.(Petrol price hike Rs.3.50 from yesterday)
3.The rupee value decreasing against dollar.(15 months low)
4.RBI Ready for Again Rise interest rate.
5.Greece default.
6.Euro zone Getting Closer to Crack
7. Techincall possibility are Open For Nifty fall to --4500/ 4000 levels.


Yesterday market zoomed due to 'Global sentiment' is keeping away the bears!

Positive signals from the euro-zone helped the Indian shares to post gains. Is it good time to buy stocks?

Yesterday, the BSE Sensex gained 166.94 points to settle at 16,876.54. The S&P CNX Nifty zoomed up 63.15 points to settle at 5,075.70. Nifty September futures closed at a premium of 21.45 points over the spot closing. F&O segment recorded a turnover of Rs 131568.09 crore slightly higher than Wednesday’s turnover of Rs 130962.97 crore. BSE exchange recorded a turnover of Rs 2553 crore, lower than Wednesday’s turnover of Rs 2623.14 crore. The market breadth turned out to be positive. On BSE, 1,535 shares rose and 1,259 shares fell. Among the Sensex pack, 20 stocks rose and the
rest fell.

Monday, September 12, 2011

Banknifty View for 13.09.2011


In our yesterday Post we wrote

"The Us and SGX are trading weak and the Monday our market may slide further.If Banknifty fall below 9480 do not remain in long.Nifty will again fall below the 5000 mark. No wonder if nifty go down to 4700 level again??'

The today market fell and Nifty opened in 4969 and touched days low of 4901>the Bn opened in 9495 and seen a punch of days high of 9540 and went to the days low of 9336.We have covered all our positional short sold in 9930 level at 9340 level and again sold the same in 9440 level 50% covered it in 9370 level.Many our clients today made Rs20,000 and above in intraday itself.

We still hold our nifty shorts in spite of some intraday gain by swing trades.The Nifty now weak and may break down the earlier recent low 4710 if tomorrow it breake 4890 level.Watch it.The banknifty can have a small bounce back uptp 9580 level where one can re-short.

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Sunday, September 11, 2011

Banknifty view for Monday 12.9.2011


Last week the Banknifty bounce up from a low of 9350 level to 9950 level.We sold and covered our shorts in 400 level and again accumulated shorts in 800-950 level and the friday we gave a sell at 940 and covered same in 704 and agin made few intraday swings and made a gain of 300+ points.The positinal shorts still we are holding in nifty and banknifty as we expect the market may bottom once again.

The Bn touched day high of 9960 and fell to a days low of 9635 and Nifty too shown a fall of almost 100 points in intraday.The Us and SGX are trading weak and the Monday our market may slide further.If Banknifty fall below 9480 do not remain in long.Nifty will again fall below the 5000 mark. No wonder if nifty go down to 4700 level again??

Monday, September 5, 2011

Sorry friends,
I was on my vacation and Technical Analysis workshop..so was not in a position to update...from tomorrow onwards blog will be updated as usual..

Friday, August 26, 2011

Banknifty&Nifty View for Monday

The above chart is from Dec-2009 to Present.


The Indian market shown its worst colors today as it bleeded in red and broken all supports/channels.

We were cautioning here, almost more than a month not to remain longs in Nifty&Banknifty.We wrote the Banknifty will touch 9000 & Nifty will go down to 4750 levels.Today its done.Now the market looks more bearish ..No one ,knew the bottom.We follow technical and devised our own strategy to win in any market. condition.That only made us to lead better,gain better and sail along with market.

Today, market opening high, we sold nifty and Banknifty and made a jackpot gains as all our target were achived.The last one week we made hussle free trade without an SL hits.The August month we made suplus gain in both nifty&banknifty.

Many our clients were thrilled, when many other traders out there in market suffers , we lead them to profits even this kind of storm.That only made all our clients to remain with us forlonger time.

You can also become our subscriber and enjoy profits daily.To join/need more detail about subscription visit here>

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Wednesday, August 24, 2011

Banknifty view for 25.08.2011


Yesterday, we wrote in our market preview avoid long and also told to short in banknifty near 9540 when it pull up and the target will be 9275.The market exactly done the same.The day high banknifty future touched 9567 and the days low happened to be exactly our target 9275.How is it.This is how we predict banknifty.There are many websites and T.V. recommended long in banknifty..but we are the one, who said not to go long.Here, we post the same what we wrote in our yesterdays post....

"The Nifty&BN the major trend is still down.the bn can bounce up sharply only above 9620 level..below it can go down to 9030 level on the coming days/week.The FII"S are selling and today they sold nearly 100cr where us the DII"s bought about 300 cr.That only the market shown some pull back. Avoid fresh positional longs the trend remain down except the small pull back.The banking stocks were beated continusly so be watch full of buying those stocks. The Banknifty is weak below 9434 one can consider short and it may get into panic sell mode if, fall below 9275 level.Now it can move up to 9540 level then it may fall again.Due to the F&O settlement on 25th the market showing volatility."

Now,Tomorrow the F&O closing so better trade in Sep month contract.The market is not bottomed and the Banknifty may fall further down to 9000 levels.The Nifty today broken the rising chennel..so below 4868 it can slide to 4785 level.

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Tuesday, August 23, 2011

Banknifty view for 24.08.2011


The last two days the Nifty&Banknifty witnessed a great volatility..it gos down to a deeper low's and bounce back to days high..We had a very great intraday trade in last few days and gained well.

The Nifty&BN the major trend is still down.the bn can bounce up sharply only above 9620 level..below it can go down to 9030 level on the coming days/week.The FII"S are selling and today they sold nearly 100cr where us the DII"s bought about 300 cr.That only the market shown some pull back. Avoid fresh positional longs the trend remain down except the small pull back.The banking stocks were beated continusly so be watch full of buying those stocks.

The Banknifty is weak below 9434 one can consider short and it may get into panic sell mode if, fall below 9275 level.Now it can move up to 9540 level than it may fall again.Due to the F&O settlement on 25th the market showing volatility.

Wednesday, August 17, 2011

Banknifty View for 18.8.2011


Last few days we have not updated our blog due to the past prediction we have with proposed targets.We gave a red alert and short in Nifty and banknifty when it was trading near 5200 and 10470 levels respectively.Today we are happy to share our banknifty future target 9870 is done and nifty touched a days low of 5014 and it will fall down to our target 4953 levels on the coming sessions.

The day was expected to open in gap down,but in contrary to my expectation the market opened in gap up and gave up all the gains and fell down steeply.The Bn touched a days low of 9855 from 10191.Nifty from 5125 to 5014 and lastly traded in 5065 level.As i see the Nifty option premium was swallowed...may be its a pre-planned move by operators.Avoid buying high premium options.

Today we made a sell in the opening high near 10180 levels (Day high was 10191,Day 'slow was 9855) and made about 200 points in intraday itself as it gave us so many swing trades.The positional short we almost covered 75% as the 9870 target was achieved...once covered, it shoot up to 9990 we sold it again and now holding 25% of the short.This time many our blog readers made good jackpot gain apart from our paid clients.

Now the banknifty may tend to move in sideways but Nifty has to show some more downwards move towards 4950 level.The further follow up action will be posted/planned according to the Global cues.

Friday, August 12, 2011

Thank you all...

We gave our market prediction day before yesterday... and many friends and our clients sold banknifty yesterday near 10500 (high was 10525) and we recived more than 100 overwhelming mails for appreciation our preview.We are glad to notice that many made good gain as the banknifty today came down to days low of 10141 level.Almost 350 points over night.As we can not individually reply each person share our reply to all who trusted our analysis.

We wrote...

Believe me the Major trend&sentiments are still down the market can not go anywhere expect down side..


We actually make use of today to exit longs in few A group shares and also added fresh shorts in banknifty and Nifty.The Nifty we expect a down fall near to 4770/5470 levels and banknifty may down to 9780 level.One can keep this as a tentative target on the down side and there you can add fresh longs...till such time keep away from longs..Many our clients shorted as per our advise.

Wednesday, August 10, 2011

Banknifty View for 11.08.2011


The market in US yesterday was shown a Relief rally that caused the announcement made by the FED- Discount rate Unchanged...And today the Asian market followed the US and made huge gap up opening..In bear market this kind of gap up opening once in a while happen to fill the previous gap's even a small news that favor market...Its purely done by the big market player to exit their longs and and accumulate fresh short..Believe me the Major trend&sentiments are still down the market can not go anywhere expect down side..


We actually make use of today to exit longs in few A group shares and also added fresh shorts in banknifty and Nifty.The Nifty we expect a down fall near to 4770/5470 levels and banknifty may down to 9780 level.One can keep this as a tentative target on the down side and there you can add fresh longs...till such time keep away from longs..Many our clients shorted as per our advise.


Today i expect the Dow& NASDAQ may again fall and the Asian&Indian market expected to open in gap down.Now giving any levels for intraday is not reliable as the market is coupled with the world market and the crisis out side nation have great impact on our market ...The FII's already sold about 1.5 billions.The DII's can not pump much money equal to Fii's to safe guard our market..So be wise and trade wise.

Tuesday, August 9, 2011

Banknifty view for 10.8.2011


The Market sarts showing it wild colours in the past four days.The today market opend in deep gap down and the opening there were huge panic selling seen..But in no time the Banknifty and Nifty jumped up.

Today the banknifty opened in 10050 punch and show a down at 9939.90 and from 10050 onwards it shoot up like bullet.I saw a real Roller coaster move today from low 9939 to 10433.Who ever was not trained enough in trading would have thrown out when the market was gone up(without sl) and that too i noticed from 10250 onwards it shoot up non stop to 433 and certainly jumped down to 10050 levels.That's why i say the market exactly behaved like a roller coaster with so many wild jerks.

Yesterday, in my preview i wrote any prediction now may go futile.That's how the market exactly behaved today.New traders must stay away from this market. As it is purely the technical players/operators are very much aggressive.For no reasons it pulled up and no reasons it fell down steeply.Even the technical 's tools can not give you a perfect indication.

Last two days, the market opened in gap down and pulled up(may be by the DII's Buying) and gave up all the gain.One thing we need to remember, no one can hold the falling knife when the margin pressure/shortfall- faced by FII's!! In any price they sell.So be cautious.All i can say now is the market is not settled in bottom..as the Nifty and banknifty broken the status quo bench mark 5000&10000 respectively.

Yet another gap down is on card.The bear market is the indication of a continuous gap down and bounce to fill the gap.The nifty& Bn gap was filled today.It means the peak one can look out chance to exit long or add fresh sell.

Monday, August 8, 2011

Banknifty view for 9.8.2011


The US debt crisis made fear among the global markets and that too when the USA lost its status Quo since 1917 the 'AAA+' has became 'AAA' after the friday US market closing...That gave a negative impact among the global investors and traders...And today the whole of Asian market opened in deep down The Indian market too opened in gap down.The Nifty opened in 5149 from the Friday closing 208 but it was traded near 5100 during opening and in the Mid-session it shoot up and made a days high of 5208...But instantly gave up all the gain in short while and fell back to 5110 level.So the attempt of bulls failed The Nifty closed weak.

We wrote in our yesterday post...

The Nifty we expect to take support in 5048 level and may bounce steeply to 5400 levels..as the upside gap is unfilled..But we also remember, there is a huge gap on the down side left unfilled , during when the congress won the election....So ,one can keep this SAR@5048 and go long..if SAR triggered/breakdown the down side also you may gain..So the idea is to have an open mind for both possibilities ,We can gain.Don't risk your trade without stoploss now.

Many readers and clients followed our plan and made 150+ points in Nifty intraday.As the 5048 level we mentioned as SAR was not triggered.The nifty made a days low very close to this SAR.The days low was just ten points away from our SAR-.i.e 5057.

The BN opend in 10100 level made a days low of 10075 and rose to the days high about400 points + as it touched the high in intraday itself 10494 and gave up all the gain and fell down to 10200 levels.

The Market now seems in the panic mode so the intraday recovery also failed and seems a phony..The comming sessions we need to observe than only the follow up action can be made.Any prediction may futile now.The best thing one can do is trade with SL.

Saturday, August 6, 2011

Where is the Bootom?

The Friday is marked as 'BLACK FRIDAY" as the world market were shook very hard and bleeds in red.This is not unexpected!!

We were expected this fall well before and cautioned in this blog many times not to remain longs.even our paid clients were fed up by our sell call almost every day.

We also gave few write ups..here and in facebook..About the Global economical crisis and its impact in market...(why market is bleeding red.) A diligent follower of this blog could have at least averted the huge loss,that would have caused by just remaining in longs!! Many emails we received from the readers expresses the same.

We are happy one way, our post saved so much money of many friend also sad the market is still looking very fearful/untouchable as the bottom is unknown.The technical parameters indicates more selling on card.The Monday market too add more selling..


It is the best, to stay away till the market find its bottom..or unless,until if you are very much sure, this is the bottom!! you can get into.

The Nifty we expect to take support in 5048 level and may bounce steeply to 5400 levels..as the upside gap is unfilled..But we also remember, there is a huge gap on the down side left unfilled , during when the congress won the election....So ,one can keep this SAR@5048 and go long..if SAR triggered/breakdown the down side also you may gain..So the idea is to have an open mind for both possibilities ,We can gain.Don't risk your trade without stoploss now.

The Banknifty price were discounted then expected...If, it break down the 10,000 mark the next support it has in 8300 level only.As we are not sure of this bottom...and the situation right now is ..Anything may happen...The market may face the Falling knife syndrome so be cautious..when you are not sure about the trading just stay away...Not loosing money is important than gaining at present the market is in such juncture..

Thursday, August 4, 2011

Banknifty View For 5.08.2011


The yesterday post we wrote ... The Market witnessed the Knee Jerk reactions as of now..The US Debt&Greece and UK crisis may consistently grow as per the macro economical view.The world market yet to face/encounter the follow up reactions soon.The impact we have seen is not yet over.The continuous rises of Repo rate in the name of controlling the inflation is not a good sign...The corporate earnings will be slowdown and the nation economy also already in the process of slowing down. Today nifty made a crucial attempt of touching the low of 5386 and bounced up to 5436 level.Now we need to watch the follow up price moments any fall down to 5380 level may add fresh selling pressure and lead the nifty more down fall to 5230 level.But most of the day trade the Bn was caught in between 10625-50 level and it made a running gap from 10655 to 729 this seems a pseudo bounce and the Bn may fall back down to 650 level on the coming days.

The market today shown our prediction is almost correct.The Nifty was added more selling pressure and gone down to 325 from the days high 430 level.Bn touched 10789 and fell down to 525 level.

Now the nifty may attempt to move up to 5400 level and bn price discounted much and it has strong resistance in 10890 below it the bulls can not over power ...As its a bear region.Avoid longs till the market find its bottom

Wednesday, August 3, 2011

Banknifty View for 4.8.2011


The Market witnessed the Knee Jerk reactions as of now..The US Debt&Greece and UK crisis may consistently grow as per the macro economical view.The world market yet to face/encounter the follow up reactions soon.The impact we have seen is not yet over.The continuous rises of Repo rate in the name of controlling the inflation is not a good sign...The corporate earnings will be slowdown and the nation economy also already in the process of slowing down!!

We sold Nifty positional at the peak near 5710 and also resold in 5530 level two days ago and all short we squared today near 5390 level.NIFTY positional was great in last 2 weeks we made good gain.Today nifty made a crucial attempt of touching the low of 5386 and bounced up to 5436 level.Now we need to watch the follow up price moments any fall down to 5380 level may add fresh selling pressure and lead the nifty more down fall to 5230 level.

The banknifty touched a days low of 10575 and closing it try to fill the yesterday closing price gap..but failed...the closing jerk made a high of 10729.90 level...But most of the day trade the Bn was caught in between 10625-50 level and it made a running gap from 10655 to 729 this seems a pseudo bounce and the Bn may fall back down to 650 level on the coming days.Any rise above 10780 bring fresh buying..one can apply this as SAR and short below 750 level,


Tuesday, August 2, 2011

The Market is now in a trade mode..
The view/prediction may futile..better do intraday trade for the time being

Monday, August 1, 2011

Banknifty View for 2.8.2011


As we stated one of our earlier post's when the Banknifty was trading in 11400 if it slide it can go down to 10760 and that is the last hope for bulls to come back..The Friday market exactly the Bn took support there and today it opened gap up in 11k+ and reached day high of 11075 and fell down to 10900 and again bounced to 990 and lastly traded in 940 level.

The Nifty also opend in gap up from its closing 5488 to 5544 and punched a day high of 5557 and fell down to same friday closing 488 and bounced again to 536 level.

Now the market expect the news from US Debt deaflt in the parliment.The Nifty one can consider short below 5555 and the banknifty will strong only above 11240 level belo this levels the market remain in side ways and consolidate.

Today we made 3 attempts and gained about 40 points in each attempts without sl hit.

Thursday, July 28, 2011

Banknifty View for 29-07-2011


Dear friends,
My yesterday post i have mentioned volatility in today's market but i didn't expect this drastic gap down.The Sgx Nifty shown a weakness and we were ready to manage today battle and gone short twice in nifty and Bank nifty and made good intraday gain.We sold in 10940 level and place buy at 10864 in august future and that was achieved...But we advised to cover in 900 level many clients as there could be some bounce at the end...But the market was unable to go up..as there was selling consistently.The Nifty was unable to reach the opening high..!!

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The Nifty now again slide to 5420 level and that is the last support for bulls to have some hope if not broken..if broken the market may witness major fall.The Bank nifty last support as per our data is 10743. Above 11140 it can sustain in sideways.

Join our paid stream and enjoy daily profit.Our intraday charges is Just Rs.6000.month and one can expect 50 points gain/day.

Wednesday, July 27, 2011

Banknifty View for 28.07.2011


Today the market made a lack luster..We just made in intraday trade and made intraday gains as usual and skipped any position as the tomorrow market may face volatility as the F&O closing..So better trade mild/conservatively unless you find a firm direction.

In today the Nifty and banknifty made a struggle to move up as the selling pressure was pushed it down and trader were afraid of long as the market yesterday threatened every one.Today the Nifty opening and high was the same..The Nifty was not able to cross the 5590 level..So its a selling area as of the trend now..May be it attract buy above 5640 level.Banknifty above 11240 only we can expect a relief rally/retracement.

We also need to consider one thing the yesterday running gap down was unfilled and may be after f&o closing the market attempt to do "island of reversal." so trade with SL.

Tuesday, July 26, 2011

Banknifty View for 27.07.2011


We wrote in our yesterday preview about market today..This prediction almost proved right today...for your view we post the same here.

The banknifty future Friday made a days low of 11110 and closed in 11310 and today it manage to open in gap down at 11297 and touched a days low of 11240 and it stayed almost 4-hours in a sideways range below 300 and certainly spiked above 200 DMA and gone to the days high of 11445 and lastly traded in 406 level.Many time the banknifty witness/attracted the selling pressure at this level near 11440 level and fell down back to 11100-200 level.This is what we expect on the coming days.This hike is also caused due to the F&O closing on 28.7.2011.We need to consider the tomorrow the RBi policy of hiking another Repo Rate...!! At this scenario , as usual we will not advise to go fresh Longs.The Greece and US debt crisis may accelerate further. The Nifty manage to cross over the 5655 level ,but have not crossed the 200DMA.If it fall by any chance below 50DMA another fall or a range bound market between 5410-700 may repeat once again.Above 5740 the Nifty may attract fresh/panic buying.Today the market shown a running gaps between 648-700 level.One can aggressively go short in Nifty with strict Stop Loss at 5740.The target we can expect are 5630/610 and 5578 level. At this point of time the banking stocks is better to avoid /remaining in long.The .25 Bps rate hike will have minor -impact on banks...but if the hike is above .25Bps or .50BPS may have great '- 'ive'impact on banking sectors.


Now what to expect from market?

The banknifty today took support in 11057 and it may move side ways to 11240 level and consolidate again.The nifty can open in gap up tomorrow near 5620 or it can try to claim 640 level...As the Option segment+ hedging may make this hike.The coming Thursday the f&o closing so better trade in Aug month.

Today we asked all our clients to place buy for banknifty for our short at 11183 when market was trading near 11420..Many clients wondered/asked me do u expect great fall? i said yes. from 11400 in no time it fell down to 11057 level.it fell down beyond our expectation.One has to be alert and always inculcate a habit of placing orders soon after a position is taken.

'The market is capable of beating anyone!! however they are sound in technicals..So trade wisely and make a trading plan. Without any plan dont ever trade.'

Monday, July 25, 2011

Banknifty Future View for 26.07.2011


The banknifty future Friday made a days low of 11110 and closed in 11310 and today it manage to open in gap down at 11297 and touched a days low of 11240 and it stayed almost 4-hours in a sideways range below 300 and certainly spiked above 200 DMA and gone to the days high of 11445 and lastly traded in 406 level.Many time the banknifty witness/attracted the selling pressure at this level near 11440 level and fell down back to 11100-200 level.This is what we expect on the coming days.This hike is also caused due to the F&O closing on 28.7.2011.We need to consider the tomorrow the RBi policy of hiking another Repo Rate...!! At this scenario , as usual we will not advise to go fresh Longs.The Greece and US debt crisis may accelerate further.

The Nifty manage to cross over the 5655 level ,but have not crossed the 200DMA.If it fall by any chance below 50DMA another fall or a range bound market between 5410-700 may repeat once again.Above 5740 the Nifty may attract fresh/panic buying.Today the market shown a running gaps between 648-700 level.One can aggressively go short in Nifty with strict Stop Loss at 5740.The target we can expect are 5630/610 and 5578 level.

At this point of time the banking stocks is better to avoid /remaining in long.The .25 Bps rate hike will have minor -impact on banks...but if the hike is above .25Bps or .50BPS may have great '- 'ive'impact on banking sectors.

The Reliance results may have the post impact reaction on tomorrow market and tomorrow it can slide down as we have seen in the past before result the stocks shoot up and after the result,even if it is good it used fall..So watch out tomorrow RIL.The profit gone up to +17%.

Now The banknifty may slide down to 11260 level below it can take support near 10970.Now it entered in a strong resistances zone above 460 if it sustain for 2 days the context may change.So lets observe till f&o closing then we can take position or just skip trading in July and jump to Aug future..That is an ideal choice.

Thursday, July 21, 2011

Banknifty View for 22.07.2011


The banknifty today opened in gap down in 11152 and gone to 180 from there it fell down to11110 and sarply bounced up and marked a days high of 11230 and gave up all the gains in less than 5 mints.We sold Bn today again and again when it gone to 200+ level and covered all intraday short in 11110-20 level and made about 100+ points in intraday.As far as the positional are concerned still we remain in shorts in Nifty&banknifty.The Bn made a days low of 11035 where as the nifty touched the days low of 5532 and crawled in range.

The banking stocks are still attracting a sell and the bn may slide down to 10900 level.The nifty today broken the support area 5555 but price wise did'nt show much fall.So one can consider short below 5555/5510 and the bear can loose power in 610 level.One can reverse short there.The banknifty was unable to cross the 11440 level decisively as per we mentioned in our earlier post's.It was taking good support in 1200 level many time ,but last 2 days it broken this support and today it gone down to the days low of 11035 level and there too it attracted fresh sell..This indicates the weakness may remain some more time.The banks discounted the price in advance..This may caused due to the coming Repo Rate hike/Global crisis.So at this point of time when you go long apply sl/ trailing Sl.it is must.

After the 2008 meltdown now the market is facing a similar/less situation.Many Economical facts shows more negative than positives.The trader just be cautious and have your own trading plan to win the battle.

Wednesday, July 20, 2011

Banknifty View for 20.07.2011



The Market opened in BULL's Zone and attacked the bulls heavily and the bear won the battle.The market moved last five days like a snail and yesterday shown some high jump and today opening it marked a high but couldn't stay back.

The Nifty opened in 5651 and touched a days high 5658.90 and fell sharply down to days low of 5554 level.The banknifty opened in 11 392 and punched a days high at 403 and fell back to 11370 and try to sustain/claim up!! but failed in its attempt drastically,As it gave up about 250 points from day high to low.(Days low 11156 )

We have been mentioning not to remain in longs in higher level.The Bn we covered STBT in the opening near 370 as it opened near the 200DMA..but it technically fooled us!! Luckily we had our old positional shorts (sold in 11460 level) .That we covered in low near 11170+240 levels.Still holding balance shorts.The Nifty we sold positional in 5760(July 1st week) and today we thought of reversing but luckily escaped.

This fall is caused by the weakness of banks stocks...almost all the banks fell down.The nifty still in a range bound where as the Bn is not.It is in bear mode.The nifty now took support in 5555 level once so still there is a hope for its upmove...but below 510 level the nifty too join the bear stream..

what next?

Considering the crisis in Greece and other Europe union the global economy may face severe crisis on the coming days.Our market the FII's made this rally and now last few days the fii's buying is visibly reduced...it means if they start pouring selling it can cause a major correction.

Today the FII's sold index future,option and stock 1238 crores.DII's sold about 226 crores.The FII's bought in cash about 293 crores.

Tuesday, July 19, 2011

Banknifty View for 20.07.2011


The Morning when we saw the nifty opening high made at 5662 we gone long in bank nifty around 11224 and exited in 260 level and also made 2 sell in 11370+level and covered the same in 325+345 levels respectively.We also sold in nifty around 640 and covered the same in 616.

Though the nifty made opening high 5662 and afterwards it fell down to day low 5561 and again shoot up to 640 level and lastly traded near 620.The SBI made a certain jump up and pulled up the Bn and made a running gap up and touched a days high of 11379.The 11200 level now seems to be a support for bn.The 400 level attract fresh selling...so it may again crawls sideways between these level.


Monday, July 18, 2011

Banknifty View for 19.07.2011


The Banknifty and nifty last the charm today.The whole of today it was lack luster kinda of market.We just kept away as both these index's caged between two narrow walls and bounced within.This kind of market is not good for trading as it only hit sl rather target.So whole day was wasted.

The Nifty a move above 5655 and Bn above 11456 only bring some moment for a rally or the correction will be active below 5510 and Bn below 11180 levels.

Either the break out or break down only can lead a clear direction.

Thursday, July 14, 2011

Banknifty View for 15.07.2011

Banknifty weekly chart


They Say " The Driver Should expect the un-expected" while driving.

Today the market was behaved the same.Technically it shown strength and sentimentally it was weak(Bombay blast) and fooled all kinds of traders impartialy.The thump rule of technical Analysis says- "market beat every one".

When the market opened in gap down we expected it will fall more as we hold the positional short when we about to place buy in 11100 level ,it just punched days low of 11103.50 and sharply bounced up and didn't give chance to cover short it gone up&up with leaving so many running gaps and finally touched a days high of 11405.The nifty to touched days low and gone to days high of 5667 and it would have triggered all the Sl/SAR that was placed anywhere.At last it gave up almost 50% gain in no time during market closing.

Today we didn't placed any sl but we shorted near 11250 and again in 350 level and just waited patiently as the market pulse was indicated something cooking unusually...When a steep fall happened we covered all shorts and gained profit in intraday both Nifty and banknifty.why the Bn gone to 405 level and fall back to 220 level in less than 10 mins?? There is no technical answer to it..Today there are so many people called who are not our clients,saying they gone long in nifty near 5640 level..when it came down to 5580 they didn't know what to do? because they all were fooled technically as the nifty jumped beyond the resistance zone and thought of carring longs and at last the market fooled many.

Now the Nifty and banknifty are held in between.but in general the market may behave in negative bias.When we see the global cues' most of the index's are any time may burst out..The US current dept gone to 14 trillion approx.When we look out this in a macro economical perspective it is not going to favour the bulls.

Our market now driven by the FII's and don't know when they kick off..So be attentive while trading and maintain your own trading plan to safe guard your investments.

Wednesday, July 13, 2011

3-Blast In Mumbai.21 people were Killed.



I am very sad and condemn the Mumbai attack..No banknifty update today.
It is very evident the so call human beings them self called Homo sapiens is a utter failure.We still live in a barbarous community where the people are dare to kill so many innocents.Life has no value.It seems it is very futile.


...I really don't know whom they are showing their anger.Is this the way to kill so many mercilessly who is no way connected? Even the animal kill other animal only for their meat.Killing other people and make the world stunned becoming a trend of the ongoing terrorists.Who can stop this..Evey one among us became deaf...we don't hear nothing..just the blast became a routine life and every now and then we hear news and forgot all about.Who is there to safe guard the innocent life??Are we ready to find out the source for these cause and going to end? or there is no end to this killings?

For every technological advancement we proclaim and raise our collars.What happen to all you surveillance/security system?

All, i understood the so called homosapiens is utterly failed. It is not the first time for Mumbai.The terrorists target city is Mumbai again and again and that too a planned attacks in 3 places in same day.We are not still ready/prepared ourselfs to stop such attacks.Our information sysytem is not upto the mark to save the innocent life's here.

All the earlier attacks and the terrorist are still not punished..the case is still going on and wasting so much of our nations money.Still we have not learned lesson and every attacks become hot news and we forget latter on..

I am really sad and condem this attack.We should make a pull stop to this.lets unite and support our nation.Who ever have information share with the intelligence agency's.Do not afraid.Unless,we as a citzen of the country need to end this atrocious attacks and grow peace here.

Tuesday, July 12, 2011

Banknifty View for 13.07.2011



"The Bank nifty now may slide down to 10980 level below this it can slide to the earlier start 10600 level.It can attract fresh buying above 11392 below it looks bearish only and may correct some more downwards towards 10,980 level.The US Market trading in red as of now.The market we expect open in gap down tomorrow."

This above we wrote in yesterday's post -The market preview of today..what we have foreseen same thing happened today the banknifty opened in gap down and touched the days low 10975.We stated it can fall down to 10980 level.How is it?

The banknifty jumped up after the news of IIP flashed in media.It went to the days high of 11170 and filled the opening gaps and fell back again down and broken the earlier days low 10995 to 975 level.Today to we made to attempts in Bn and made good gain in intra day.The Nifty we have positional short (made near the high 5750 level) and still holding positional short in both these index's

The Nifty below 5555 its very weak,so this support once broken the nifty fell down to the days low of 5502.The nifty failed to sustain above 5605 level and tomorrow it may move sideways again and may consolidate few more days.Below 5427 level major fall can occur.

When the market touched 5760 all Technical Analyst predicted the market will go to 5900+ level.We are the Only people who wrote,.... 'We skipped longs as we are not comfortable in remaining in long as the market looks to us it will fall.'

Now The market back to square one as per our prediction.

Monday, July 11, 2011

Banknifty view for 12.07.2011


Today in the opening we sold bank nifty near 11290.The high was seen only in the opening at 11295.Once sold we gave a buy target at 11,177 and that was achieved and the bn gone below to the target and made a days low of 11121.We wrote in our Friday preview go short in banknifty if it open below 11392 level and the target we gave was 11177 and that was done.The nifty when touched 5760 level we wrote in our blog we skipped long though its sound technically bullish but our experience showed this rally may crack and that made us to short in nifty and today it is down almost 160 points that is the notional gain all our positional client's made as of today.

Today we also sold in nifty and bought and when nifty touched 5605 we gone long and exited near 621.We sold SBI fresh near 2470 and bought the same in 2436 level.

Today market almost moved one side that was DOWN. it didn't give us a 2nd chance technically for a buy and sell.So, the opening short that gave a profit of 100+ points after wards we kept away.

Today the surprise thing, we noticed is ,the Nifty exactly touched the days low of 5605 and that was a earlier resistance.The market was found very difficult to break away this hurdle.So this give a little hope may be the Nifty take support from this and claim back to 655 level and consolidate again.if Nifty fail this time in its claim up to the ladder it can face the worst below 5427 level.It may witness the true correction.

The Bank nifty now may slide down to 10980 level below this it can slide to the earlier start 10600 level.It can attract fresh buying above 11392 below it looks bearish only and may correct some more downwards towards 10,980 level.The US Market trading in red as of now.The market we expect open in gap down tomorrow.

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Friday, July 8, 2011

Banknifty view for MONDAY


Today the market witnessed a huge selling pressure after a hesitant gap up opening.We just booked profit in our yesterday long in banknifty and also sold Nifty fresh near 5750 and covered the same near 680 level.We have made good day trading in Nifty,banknifty.When Bn touched first time low near 11390 we bought and exited in 330 and also fresh sold in 11330 in the after noon session and gave a buy target of 334 and that was archived.many our clients we advised to cover near 370 level.Over all our baskets were full.

In yesterday post, we stated , we have skipped remaining long in nifty however it seems bullish.Today it witnessed a huge selling and from the opening high 5760 to days low of 5661.Many readers mailed us ,Are you not bullish in Nifty??? after reading the post.Today the market proved our preview clearly.

The Sbi also, We gave sell calls in every high and it was manipulated and gone from 2460 to the high of 2525 and fell back to 2480 level.Many new bee's those come to market without having proper knowledge to the market,the market swipe the capital itself if they get caught on the wrong side.We have a different approach as the market gave a good lessons year after year and that only made us to guide& lead our clients better.

If the Nifty trade below 5672/703 dont attempt longs in nifty.it can fall back to 5616 level.the 616 and 605 act now a support.below that it can slide down to 5555 level.The Bn now weak below 11392 and today it touched the days low of 300 and lastly traded in 11320 level. One can go short with Sl at 11412 and expect a target of 11,117 level.

The rest view will be updated in sunday night..

Happy week end to all

Thursday, July 7, 2011

Banknifty View for 8.7.2011


Today the Nifty& Banknifty crossed the 200DMA together.The BN were able to cross the 200 DMA the other day but NIFTY was not and today both were jumped up beyond 200DMA during market closing.The Banknifty opened in gap down at 11335 from yesterdays closing11317 and went down to the days low.We sold Bn in opening around 310 and covered in near 270 exactly near days low we were expecting the target of 262 but due to the Nifty strength we covered short. We also covered Nifty short near 5650 that was sold near 5680&710 level and when nifty crossed the hurdle 5668 we bought Nifty and sold the same in 720 level.After we sold the Nifty crossed 200DMA but we skipped fresh longs and made our position nil.

We made 3 attempts in Bn and 2 was successful and 3rd attempt of short near 420 SAR was triggered and we sold one long near 492 and remaining one long we just keeping as today both these index's jumped&closed above 200 DMA.Not just that the 'NSE ADVANCES : 986;NSE DECLINES : 420' this Ratio also seems to be good.

The Tomorrow if banknifty go down below 11388 the weakness may prevail and nifty seems to have strong support in 5616 many days this support held well and the nifty made good consolidation and that only made nifty to jump up from days low 641 to 745 level within a day.Now the nifty has minour support in 5672 level.

We need to observe the follow up price action/range to remain in long in Nifty because it just crossed the 6700 level after a great struggle.So we just kept aside our self from fresh long...once a convincing follow ups is seen than we may take positional or it is better to do intraday trading.

Wednesday, July 6, 2011

Banknifty view for 7.7.2011


The banknifty and nifty showed weakness as we stated in our yesterday post.Both these index's today opened in mild gap down and shown weakness there on.The Bn touched a days high of 11444 and fell down to days low of 11281.We sold bn today at 11430 and 50% covered in 360 and balance 50% covered in-11332 level.Again we bought it in 325 and sold the same in 11370 level.So ,the intraday we made a net gain of 110 + points.Today the market gave a kind of indication for intraday trading unlike the last few days market shown a lackluster trade.

We sold Nifty positional short twice in 720+ 680 levels and not yet covered the short.
Intraday we made about 35 points in Nifty.We were mentioned the nifty may have resistance at 668, today it touched a days high of 5667.50.The support we said was 6616 and today nifty made exact low at 617.50 and shot up.The Nifty today was held well between this level where as the banknifty shown clear weakness as it broken down the 350 support and gone to 281 level.This happened due to today weakness in SBI.TheNifty was moved like a snail and on the coming session it may slide down to 555 level.The Bn now has support in 10912 and 11168 level breaking down these level bring down bn to 10800 level.

The banknifty is having selling pressure in 11430 level and the selling pressure is shallow and it could only brought down the price very little.This may be caused due to the FII's inflow.Today the FII's net buy seems very less about 220 crores compare to the past 10 days (Used to buy above 700-900 crores).

Today the hot news is the Textile minister Dayanidhi Maran whose involvement in the spectrum case, the cbi filled a case in SC and the opposition want the PM to drop him.The Murali Deora offered his resignation already...What next?? My crictic says there is a thread on the political front.


Tuesday, July 5, 2011

Banknifty View for 6.7.2011


The Banknifty today opened in Flat as we were expecting a gap down.Hence we sold yesterday and was ready to cover STBT-Short in low but the Bn opened in flat at 11415...So we sold fresh in the opening and covered both shorts in 11352 level and when it jumped up during market closing, we re-sold the smae in 11470 and covered the same in 440 level.The BN today was in very choppy mode and almost 4 hours we made no trade and kept aside.When it crossed the 200DMA we waited to sell at the days high and sold in 470 and it touched the days high of 11480.When we saw the Nifty was in indecive mode and shown weakness and was unable to hold beyond 5665 level, we also sold nifty and kept our sl @668 that sl was not hit .So, we remain short in nifty.

From last wed' the market was not giving good chances for multiple intraday trades and it is now in a kind of suffocating phase as the bulls and bears are in tough fighting.

The nifty is not crossed the 200DMA ,where as the BN could jump up due to the SBI,bank of baroda and and other banks stocks.The FII"s are pouring money into our market that shows strength( We really not able to judge thier motive).But when we see the volumes, it is too low than usuall.On the other hand the Telangana MP's resingnation and other political scenario (Lokpal+Scams) seems a real thread to our market.So we skiped longs in index future.The IIP forcast/expectation also not going to favour the market.The DII'S sold about 880 crores today.

We need to observe market few more days to identify the firm direction.Till such time it is better to be a witness.

Monday, July 4, 2011

Banknifty view for 6.7.2011


The Banknifty opened in gap up and went down to the days low of 11350 and again in the afternoon session it broke of the earlier days high and touched a days high of 11436 level.Were as the nifty was struck in a range bound between 5642- 670 and the day high was 690 that was done in the opening and unable to go up beyond 5670 level as the selling begun.

The Nifty can be bullish above the 200DMA around 5747 level.Now it is weak below the Fridays low 5616 level.The Bank nifty now weak below 11350 and it can fall down to 10900 level once broken down this support.The Bn left a gap from friday closing 11295 - todays low 350.There are also so many running gaps left unfilled.The next immdiate resistance for bn is in 1476 level.(200 DMA.

So, I would change my views only if the nifty & Bn closes above the 200 Dma till then the Nifty and Bn Crawls in sideways and any worst news come it can fall down anytime.Now the choppy market it is not good for day traders.

Friday, July 1, 2011

Banknifty view for 4.7.2011


The Friday market we have seen the selling pressure in nifty and Banknifty.The market manage to open in gap up but it failed to sustain in the higher levels as the profit booking and fresh selling brought it down both Nifty & Banknifty.The nifty opened in 5700 and touched a days high of 702 and fell down to a days low of 5616 level.The Bn opened in 11299 and touched in days high of 11346,but we couldn't see it was trading in 346 level,we could only see in 320 for few mints than it slides to the days low of 11212.We made intraday short and covered the same in 50+ points gain in the opening and also sold fresh in higher level during market closing.

The Nifty witnessed trading below 5650 level most of the time.it shown much weaker than Banknifty.We mentioned in our previous post the Bn face hurdle in 11333 and nifty will face hurdle in 728 level.Now the Monday market expected to face some more additional selling.As the context in our nation now may turn become sentimentally negative.The RBI hike the Repo rate once again and that make our banks to hike the lending rates for Auto& Reality sectors.Which is fundamentally a negative sign for banks.The another thread now is the Congress MP's of Andirapradesh are planning to resign in Monday as their demand of Independent Telungana is unfulfilled.

The Nifty by any chance falling down to 5603 make a new possibility of downward bias.The Bn now the 11212 act as minor support and falling down to 10918 may take the market back to square one.There are many talks in many blogs the Nifty will reach beyond 6400 level..!!! we really doubt this possibility now.However the Tech view's are strong the fundamentally our market is not that much bullish.In the recent past many times the correction was done from this current levels.Not just that,There are many gaps was left unfilled in this relief rally.

Thursday, June 30, 2011

Banknifty View For !.07.2011



The Nifty and Banknifty enetered into a strong Resistance zone.The Nifty Spot today touched the days high of 657.90 and the hurdle it has in 659 and 688.The Nifty many time failed in attempts to cross this hurdle in the recent past.Being a F&O closing today nifty & banknifty was traded in a narrow range and tomorrow trend will be decided the market direction from here.During the market closing the nifty jumped up from its day low 5603 to653(jun-future) but the profit booking was seen in nifty longs.


The Banknifty usually jumps up 200 points easily was struck in range bound last 3 days.We are even unable to make out intraday trades as it was very choppy.The Banknifty Now has very tough hurdle in 11320 level.The SBI gone to 2400 level and many other Banks also went up now we expect the short term profit booking in all these counters.The intraday chart showing a mixed pattern.The Bn jun future touched a days low of 11146 and jumped up and broken the earlier high and touched the days high of 11266.85.


The Nifty and banknifty now in overbought zone.The indicators shows a '-'ive divergence and yet we need to see the same in the price as it was not yet shown weakness.In the coming sessions we need to observe catiously as the profit booking+fresh selling may be there.If it happens the price may fall and nifty breking down 602 and Bn down to 11110 level will confirm the weakness.Till such time it will crawl side ways.


The inflation and the Greece Debt crisis etc will have the impact on our market soon or latter.It is better to avoid long now if nifty cross the 5700 level than the context in that time may change.We also noticed the DII's are almost selling every day.

Tuesday, June 28, 2011

Banknifty View for 29.06-2011


Chart analysis by-http://niftychartsandpatterns.blogspot.com(Upto yesterday)

Today-Intraday chart


The Market witnessed a relief rally and the bulls all of certain took up the power from the bears from last Friday.Today the Bn opened in gap up and fell down to the days low to 10990 after touched the day's high of 11134.60 level and afterwards it was in sideways and the whole day was choppy.During market closing it moved up and near 11080 it faced hurdle and fell down to 11060 level.

Today nifty future touched the days high of 5558 and gone to the days low of 5491.We have mentioned the nifty has support in 5480 but today it held well as the selling pressure was not enough to push it down.On the same time the nifty was unable to move up above 5550 level.Most of the time it was trading in between the 5510-530 level.

The Nifty and bank nifty now facing multiple hurdles and any time it can go down to fill the earlier gaps left in last week.The Nifty moving down to 480/440 bring more selling pressure as it is now reached the over bought zone.Last few days it seems the Short roll over to next month was more and coming Thursday the F&O closing ,so the market may slide down.yesterday due to the diesel price hike the Oil companies shown bullishness and today it was reversed.

In coming weeks we expect the Bn to go's down to 10600 level.The nifty may not cross the 5605 level.Above this level nifty has strong hudle in 5659 level.


Monday, June 27, 2011

Banknifty View for 28.06.2011


The market gave a utter shock to all the bears from last Friday onwards.From 10445 low on friday to 11094 high of today.The FII's buys made this uncertain pull up rally.Today it opened in gap down and traded near 10820 level and zoomed up in no time to 10900 + levels.Where it shown weakness and consolidated again jumped up to 11k levels.We have skipped longs as the market seems still not come to the normal mode.As we aware when the rise of peaks the vally also deepen near by.Our market situation now is a similar kind.

The Nifty shown a head and shoulder formation during april 3rd week when Nifty was near 5900+ level.This formation is still in act as the market faced a down fall.Now the 5605 may act as major res.if move above this level we need to negate this HNS formation as the neck line will be brake up.Till such time this indicates bearisness.Today nifty was findind difficult to cross the 5550 level as it traded well most of the time between 5520-40 level.The nifty break down 5480 may bring more selling and may reverse this rally.

The Banknifty is shown so many jumps up and left running gaps.The SBI jump to 2300 level took up tis index we expect before F&O closing the market will be back to the reality.It may not sustain in the higher levels.