Banknifty View for 1.02.2011

The Market gave a shock in the opening as it opened in gap down near the critical support level.The Bn was about 90 points down from its fridays closing.The nifty too almost opened 50 points down in 5475 but we could see only the 445 levels.We did'nt attempt opening call today.Till the mid-after noon the banknifty and nifty were caught in a narrow range. we made conservative trades then latter the BN gave us so many chances for intraday swing trades. we missed many attempts..and done many trades with narrow sl of 7 to 20 points.We were bit aggressive today and done everthing strategically.

The Nifty and BN took a 'U' turn and gave a hope to bulls once again.The Bn touched a days high of 10724 and the low was 10432 and lastly traded in 10660.Nifty also closed better and it can jump either sides.

The tomorrow market may seen a fresh bull back rally if nifty sustain well above 5540 level,The banknifty today claimed to 10724 level this may caused due to panic short covering as it again fell down to 520 level and shown some closing jerks and the closing gave no clear cut direction for tomorrow...if, open above 10770 it may act bullish or open down to 10587. it may be weak and may test the 10388 level.Being a firstday of 'feb' a fresh positional buy/sell may add volume.Do your trades with SL.

View For Banknifty 1/2/2011

Last weak when the banknifty high jump near 11250 level we took a positional shorts and was holding till date.today partially we covered in 764 level.We were writting there were many running gaps shown and the 'Island of reversal" must happen and fill all this gaps.Today the 10699 level is such an attempt only.The banknifty is still weak and may go down further after trading another 2/3 sessions in 10600-740 level.

This above we wrote in market preview about today market.The today market touched a low of 10522.10.In my view the Island of reversal faily done in Bn and the banknifty now has come to a neutral state.

We sold today in opening write from 10740 to 680 level and expected to fall Banknifty to 541 level.We covered soon around 90+ points.Many clients were waited for our target at 541 and made huge gains today.As per our tips conservative traders made 125 points.This week we made 310 points out of 4 days trade.(Monday was almost nil.wed was holiday)Few of our clients made more than 540 points this week alone.

The view we y.day wrote is almost remain same on monday too.Today the Nifty touched low of 5485 .From yesterday the Nifty slide down and broken all supports.The next support is in 5340 and from this level it has to bounce up or Our market will face crisis..Today the banknifty last hour gained some strength from 520 level to 650 level and lastly traded in 10672...Still a mild hope there for bulls if monday it cross over 10770 levels.

Banknifty View For 28.01.2011

In our view the banknifty tomorrow may open in gap down and become choppy/sideways.We do expect lot of profit booking may come and by chance slips below 920 it may add much selling pressure.The Nifty now has so many hurdle/Resistance on its up move so may be logged in narrow range. This what we wrote in our yesterdays post.The Banknifty opened in gap up and fell down.As expected the below 920 level it was weak as more selling pressures was seen.

Today the Bnaknifty Opened in 10955 from its previous closing 10912 and gone upto 11011(Feb-Future).We sold in the opening around 10980 and covered in 10940 again sold and bought.When we sold the 3 time near 10845 we gave a target of 810/764 when it stuck in 810 level we covered short and it fell down again sharply to 10699(day's low)Today we made about 100 points without much struggle.Our positional clients made nearly 250 points.Many our intraday clients followed our range of target/sl and done multible trade.We made good gain without SL hits.

Last weak when the banknifty high jump near 11250 level we took a positional shorts and was holding till date.today partially we covered in 764 level.We were writting there were many running gaps shown and the 'Island of reversal" must happen and fill all this gaps.Today the 10699 level is such an attempt only.The banknifty is still weak and may go down further after trading another 2/3 sessions in 10600-740 level.The Nifty today was very weak as huge selling was seen in all levels.Its seem Nifty may still go down and test the low level supports near 5340 levels.

Banknifty View for 27.01.2011

The Banknifty Shown today opening punch in 11241 but not seen this level.It was traded in 111780 level we sold in the opening and place buy at 11133.00 and we covered in 11140 after wards our target was achived.We made three conservative attempts and made 112 points net profit without single SL- hits inspite of today market eratic movements.Intrstingly many of our intraday clients made around 250 points today with our guidance.When it gone to 11290 level we guided to sell at peaks and bought it 11088 level.

The Banknifty shown today a high eratic move from 1120 to 1294 in less than 5 mins and fell about 300 points in no time.Luckily we did'nt have any position in that time.We had our old shorts and covered the same in 10920 level today after seeing about 250+points gain in our positional shorts.

"We do expect lot of profit booking may come and by chance slips below 920 it may add much selling pressure.The Nifty now has so many hurdle/Resistance on its up move so may be logged in narrow range.we have noticed there were so many running gaps and that too the friday market was terrific.We have our technical views that the banknifty may be weak after the tomorrow RBI credit policy will be announced due to various facts,You can view in our face book last post.Even today the lifting may be caused by that." This we wrote in yesterday market pre-view.Today the banknifty slipped down to 10920 level and touched a low of 10887 and lastly traded in 10905.The RBI police announcement caused really a high jump&low jump moves in today market.

In our view the 27th the market will be choppy/down way trend as the F&o closing on 27th.The roll over and profit/short covering will be there.The Banknifty was in overbought situation and it has so many hurdle in its up move at present.The Nifty today touched 5795.80 but failed to cross the 800 level as it is a strong resistance now.The nifty fell sharply to a days low of 5676 level and it may take support in 630 level again and trade side ways.One can avoid short in 700 level and consider going long in 630 level with 605 as SL.

Banknifty view for 25.01.2011

The banknifty today opened in gap up from its previous closing 10896 to 10935 and during opening it shown mild weakness and touched a days low of 10912.10.We sold in 972 and placed a buy at 912 but we covered near 940...as some strength was seen.

From 10912.10 it shoot up and up and consolidated well before breaking away the minour hurdles on its way and touched a days high of 11185 level and lastly traded in 11,140 .The banknifty is on the raise from last thusday onwards..we have noticed there were so many running gaps and that too the friday market was terrific.We have our technical views that the banknifty may be weak after the tomorrow RBI credit policy will be announced due to various facts,You can view in our face book last post.Even today the lifting may be caused by that.

The nifty today, certainly shown strength and done a high jump from 5715 to 735 level and that made many index's to zoom including banknifty.The SBI was gain good milage today.The banks policy change may impact the market more tomorrow so trade with caution.

In our view the banknifty tomorrow may open in gap down and become choppy/sideways.We do expect lot of profit booking may come and by chance slips below 920 it may add much selling pressure.The Nifty now has so many hurdle/Resistance on its up move so may be logged in narrow range.

The Market Done Unexpected Twist Today

In technical analysis the first leasson all we learned is -

" The market will beat every one".

Today the Nifty and Banknifty opened gap down and fell again sharply down and broken the trend line and was traded in a positional selling levels.The banknifty touched a days low of 10496 and nifty touched 5632.There were so many people sold and waiting to cover further down the banknifty from it 10530 level shoot up to 10909 level non stop in less than 10 mins time!!! No one knows/expected why this 400 points raise in short span of time.We may consider this as a gampling or market manipulation...really dont know how to name it!!

Many calls i have recived and many traders told me they put SL 50-150 points away but for many of them it did'n t triggered.What one can do at this situation!!.All the pre-market view that was failed today.Once in a while the market make us to realise the market is higher/greater then all of us.The market nature is such one can not learn all leasons in one day or few years...it is infact a ongoing/un-ending learning process those who has higher patiance and emotional maturity only can stay cool and win.The first thing we need to have is to 'accept the market as it is'.

The banknifty today lastly traded in 10834.In our view today the market shown so many running gaps on its way while moving up.This gap will be filled in the coming days as per the theory of 'Island Of Reversal'. Mainly the 600 -740 level it has to fill.The tomorrow is being a week end we expect profit booking comes in 10800-870 level.The nifty future were today many times traded in discount and in the pull back everthing changed and market totally changed it colours.Any way tomorrow if the market open above 10840 level it sustain well and become strong and below 10780 it can go down upto 630/580 level.At present we still not able to do the due-diligence why this up in few mins.

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We wish all trader do trading safely with SL.Do not panic...if you panic you will miss the market pulse.

BANKNIFTY VIEW FOR-20.01.2011

Our expected view now banknifty is it will float near 10,600 for another 2 days and consolidate and may bounce upto 10800 level.This we wrote in our yesterday post and that view would be still on as the banknifty today opened in gap up in 50664 and traded well in 680 and fell down to 616 and took support and bounced to days new hih 10745 and in the afternoon session fell sharply from 680 to 580 level in few mins.There on it was remained weak and touched a new low of 10571 and during the market closing surged to 10650 level.

The Nifty was opened in firm 5740 level and touched a new days high of 753.95 and fell to 5661 and during closing it lastly traded in 5697.The Nifty and Banknifty weekly Moving Avg is raised and that may again raises on the coming days with more side ways moves and can jump up.Now nifty has a slight hurdle in 5756 level and support is in 5634 level.

In our view the banknifty may open in gap up near 10680 and try to touch 10780/820 level.If it open weak and slides down to 10504 it will be added more selling pressure and that may slides down to 340 level.The third option is - open near 10620 level and float in sideways with narrow range up to 700 level bottom it may down near 580 level.As per the today trade the banknifty was shown mild weakness.

BANKNIFTY VIEW FRO 19.01.2011

The Banknifty today was firm and traded well above 10506 level that itself shows the banknifty now in a recovery/retracement mode.It can go up any moment as the closing of Nifty and Bn also was strong.

The Bankniftyopened today in gap up from the yesterdays closing 10483 to 10550 and it traded in 10600 and above in the opening itself and zoomed upto 699.80 then latter part of the day it also touched new days low at 10532 and again goneup to 600+ level and lastlt traded in 10650 closed well above 100 points from its yesterday closing.Today we made about 50 points gain overall by doing very conservative trading.

The Banknifty tomorrow will have hurdle in 10720 level above it will go upto 10,860.The Nifty today closing show us a possibility of pullback rally on the coming days and that will be confirmed in this week end.The Banknifty if slide down to 10488 by any chance it may slide down to 340 and 220 levels.Our expected view now banknifty is it will float near 10,600 for another 2 days and consolidate and may bounce upto 10800 level.

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Coming back to the markets, the BSE Sensex was up 41.01 points to close at 18,901.45. The S&P CNX Nifty was up 7.70 points to close at 5662.25. Nifty January futures closed at a premium of 5.45 points over spot closing. F&O Segment recorded a turnover of Rs 126368.16 crore much lower than the Friday’s turnover of Rs 210495.14 crore

BANKNIFTY VIEW FOR 17.0102011

The tomorrow banknifty may open in mild gap up near 10720 levels. if, sustain above 700 level it can claim upto 10900. if, failed in this and open below 10680 it will be weak and slide down to 10,340 levels.The spot Bn is closed below the 200DMA,that is a sign of weakness.One can go short in banknifty near 10900 and keeping 947 as SL.

This above one we wrote in our yesterdays post about todays market.Today market opened in gap up as we predicted. from its yesterdays closing 10728.70 to 10741.00.We sold in the opening near 720 and placed buy in 568 when it strugged near 596 and bounced up we covered all shorts near 615 level and made about 100 points profits in the opening 25 mins time.We made 3 sell and one sl was triggered for 14 points other 2 we gained over all 128 points. Actually we sold, when the market recovered to a new high to 10956 we sold near 880 and place buy at 817 but covered soon in 850.Afterwards the market fell down steeply to new days low to 10386.70.Lastly the banknifty traded in 10461.

We always made cool trades and book profit what we desire.Our Basic commitments to all our clients is 50-points everyday. So,we are keen in making this 50-points almost daily and do not bother much about market volatality/Manipulation happens like today .No reasons it touched 10956 and gone down to 386 level!!!

The 'greed' and 'fear' are two factors, that spoil any trades and make the traders fail in trading.

We are Much aware about this factors and do our trading without this and consistently make our gains ...no matter what type of the market it may be.We will make 50-points gain for our clients.So that, a conservative small client can double his/her capital in '3 to 4' months time.No point in risking too much and loose the capital itself.Trading In Banknifty one need to have great skill and stable mind to win.

The monday banknifty may open in 10520 level and try to sustain side ways.if fail and break down the 10384 level the banknifty may slide further to 10230 levels.From there on it may go to fresh lower levels.The Nifty today opened good at 5765 and touched a days high of 5858.75 but failed during its closing and touched new days low of 5638.The nifty now seems weak and slide down further down to 5400 levels.The forcast of leading banks NPM may decline about 15% is another worring facts.

'Be alertful in banknifty trading and always place sl .Do not risk for your capital'.

BANKNIFTY VIEW FOR 14.01.2011

BANKNIFTY today opened mild gap down at 11110.05 from its previous closing 1153.95.As per our technical levels it was weak and we sold in the opening in 11110 and kept a narrow sl at 117 and that was hit in no time.But again we sold in 11120 and kept our SL bit wider and place a buy in 11023 level and when we saw Banknifty struggeled in 11040 level we covered 50% and balance we kept in 11023 and that was achived in few mins.

In our yesterdays post we wrote>The banknifty is made a high inspite of the weak IIP Data. It fell down very fast and touched a days new low 10725 in no time. when it crossed the 10960 level the panic short covering only took it up to 11100+ levels. As we see there is not much strength to move this high other then this reasons.Our expectation is the banknifty tomorrow trade in side ways and consolidate more for few more sessions.'We went short in 10945 level and holding minimum shorts.we may cover it at 10800 level'. After writting this i happen to surf on net to know the other technical analyst views and many wrote about the banknifty that may touch 11300+ levels.When the market opened and showed a weakness we followed our method of trading and sold again apart from our yesterdays short and covered so soon in 10900 level as considering the safety first.Because many were in long and we are the only people, i think who were in short.

The banknifty was touched all our predicted down levels and touched a days new low 10680 during the last hours.Lastly traded in 10765.The low to high difference was about 464 points.Today the trend was one side- i.e, down slide.We actually we missed a golden chance as we are the one sold near the days high and covered soon when we saw 70+points and we again sold and made 48 points and attempts 3 more and sl was hit for about 10-17 points.

The tomorrow banknifty may open in mild gap up near 10720 levels. if, sustain above 700 level it can claim upto 10900. if, failed in this and open below 10680 it will be weak and slide down to 10,340 levels.The spot Bn is closed below the 200DMA,that is a sign of weakness.One can go short in banknifty near 10900 and keeping 947 as SL.The Nifty touched a days low of 5736 it is still in a range bound.one can initiate/consider going long near 5700 keeping 685/715 as SL and expect it move near 810 levels for a exit.

BANKNIFTY VIEW FOR 13.01.2011

The banknifty our pre-market view did'nt happen.We were expecting a mild gap down opening where as the banknifty opened in a wide gap up @10974.The banknifty was touched 11015 during the opening 15 mins high and fell down.In the mid-session when the IIP data flashed in news and some news about raids in SBI head office etc made banknifty &Nifty to fall sharply. The banknifty came down to 850 level. Latter on the banknifty agin fell down and touched a new day's low at 10725 and made a 'U" turn and touched a days high of 11184 and lastly traded in 11147.10.The difference between low to high was 459 points.The market today was highly eratic.it broken down all days lows and also broke out all days high.

We made almost 8 attempts today in banknifty and failed in 3 attempts.We also covered today all our positinal short, when it unexpectedly touched a low.We went short in 10945 level and holding minimum shorts.we may cover it at 10800 level.We tried shorts in higher levels to rise our selling avg that only made us to attempt more trades today and overall could rise about 60-points gain.

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The banknifty is made a high inspite of the weak IIP Data. It fell down very fast and touched a days new low 10725 in no time. when it crossed the 10960 level the panic short covering only took it up to 11100+ levels. As we see there is not much strength to move this high other then this reasons.Our expectation is the banknifty tomorrow trade in side ways and consolidate more for few more sessions.The nifty we wrote in our pre-view, one can consider going long in days low.Today nifty touched the days low of 5711.65 and touched a days high of 5885(we wrote go long near 5700 sl@5685.One would have made about 180 points in Nifty today)

Banknifty View For- 12.01.2011

Banknifty&Nifty today opened in gap ups and stood well for few mins and fell down about 100 points in no time and again in mid-session it shoot up to another high.The banknifty opened in10739 from its previous closing 702 and touched/punched a low of 10631.15 and went to the days high 10979.90.During the 3pm the banknifty fell sharply from 920 level to 710 and again took up to 900 level and lastly traded in 939 level.Today the banknifty witnessed great volatality.

Today we made about 6 attempts and gained about 140+ points gain.(We actually avoided longs purposfully and missed few lump gains twice) When the market touched 10710 during 3.15 pm we covered all shorts and some how missed longs that time.The banknifty took 200 points nearly within 20 mins time.

Yesterday we covered our old positional shorts 50% and still hold positional short to cover in lower levels.The Nifty today was made a stand in 5800 level.it seems it took good support and trade in side ways few more sessions to consolidate more to take a up move.

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Today the banknifty spot closed above the 200DMA.The banknifty may open in gap down and trade in side ways. A move down to 10690 may attract fresh selling and may slide down. A move above 11140+ level may make banknifty strong zone again .One can go long in nifty if fall near 5700 level keeping 5685 as SL.The nifty will be now in broad range between 5700-6100.

Banknifty View for 11.01.2011

The monday the market players will be in better judgement(as 2 days holidays) of the future direction and what we forsee is a panic selling may be there in the opening that may lead banknifty to 10700 levels....This we wrote in friday after market closing- about todays market pre-view.

The Today market done the same. From the opening itself it attracts so much sellings and lot of running-down gaps seen in todays market.The Banknifty today opened in 11100 and touched a day's high in the middle of the session 11138 and there on start falling in one direction and made a day's low of 11664.About 474 points difference from low to high.

We sold in the opening and made good gain overall in intraday with a conservative trades.We have done 4 trades and 1 sl was hit about 20 points other 3 trades we made a net gain of 146 points.We actually told our clients to sell near 10800 and gave a tentative target of 10690 level. but once , seen 50 points+ profit we booked profit and was sitting tight for a longer time to retain the profit we made.

The Banknifty today brokedown the '200DMA'.The inflation factor and the FII's selling and the expection of intrest rate rise all slow down the banks growth and more selling was seen.

The Nifty made a days low of 5746.00 from its high 5924.70 level.Technically we feel the nifty may find support in 5700 level and prepare itself for a pull back rally.The banknifty may take support now in 10280 level and bounces up to 10800+ level.We need to observe another few sessions to confirm this.Till that time, do your intraday trading with proper SL.

Banknifty View for 10.01-2011

Today the banknifty opened in 11215 and fell down.we sold around 11200 and place buy at 11116 and bought.we made today almost 6 trades and succeded in 4 and made a net profit of 145+points.The whole of this week we made an average of 65 points each day and over all 5-daysX 65-points=325 points. it is a net gain(only today 2 sl-was hit).We made a very cool trade and sail the ship very smooth.It is our utmost responsibility to lead all our clients bettter whether they are small clients or big .Our prime motto is to make every one to make money with our supports.

Today banknifty in the mid-session shoot up sharply as the panic buying/short covering seen and it brokes all earlier high's and touched a new day's high 11324.But last one hour again it shown weakness and during closing it touched new day's low ie.- 11040. and lastly traded in 11050.

The banknifty almost slided 1000 points about a weeks time and also closed very weak.The nifty also broken the status quo 6000 mark, that is an worring sign.The monday the market players will be in better judgement(as 2 days holidays) of the future direction and what we forsee is a panic selling may be there in the opening that may lead banknifty to 10700 levels.The other possibility is if, move above 11300 there is a mild hope for recovery or else its slide further.

Banknifty View For 7.01.2011

Banknifty traces back to 11400+levels.One must be catious if breakdown 11210 level it is critical and may drastically fall down another 400-500 points.Now Banknifty trading needs trict SL for both long and short. >>This is what we wrote in our yesterday post about preiview of todays market.

The Banknifty took up in the opening and toched a hihg of 11440 and fell sharply.We sold it when it was sliding and place buy at 316 but 50% covered near 350 considering safty first and rest covered at the target.The banknifty fell down another 100 points and touched a days low of 11222.00.We mentionted the 11210 is a critical support and breakdown may weaken this index further down another 400/500 points.

So we expect a minour pull back may be on card for tomorrow session.it may try to float above 11300 level and trades in sideways.One must be watchfull and keep a relavant SL for each trade one may do.A fall down to 11210 one can initiate short with sl above 11260+ and can hold short for 10980 level.

Banknifty View For 6.1.2011

The Banknifty Drastically fell down last 2 days from 11900 level to 11325 level about 575 points fell down.Today it opened in 11594 and punched a high at 11600 and fell sharply.In the opening itself we sold and many our clients could sell only at 11575 level we also placed buy at 522 and waited in 20 mins it was bought, again we sold in 11400 and ask all our clients to place buy at 11396 but we covered soon near 450 and made about 100-points gain in intraday.We made two conservative trades and succeded in it.

The coming sessions banknifty may take support in 11280/210 level and traces back to 11400+levels.One must be catious if breakdown 11210 level it is critical and may drastically fall down another 400-500 points.Now Banknifty trading needs trict SL for both long and short.

Banknifty View for 5-01-2011

Banknifty opened today with an unexpected gap up and made the opening punch was 11950.20 and that was also the day high.Technically the Banknifty fooled many to initiated long as the opening shown strength.We too gone long when it fall down near 11890 and kept our SAR @ 11872.00 Once it got triggered in no time we asked our clients to place buy at 11777 and that was achived.But the market broken all supports and came down another 180 points the day low made was 11595 and lastly traded in 11608.20.we could make another attempts and made little gain.We gave a indication to all clients the recovery may not possible..based on this many went short in 11740 and covered in 600 level on their own.

In our yesterday view we wrote if broken 11882 it may fall 100 points and take support at 770.But all supports broken today now the banknifty is in positional sell mode as the 400&1300 ema's were broken.

Tomorrow the banknifty may possible to pull up in the opening around 11660 if sustain it will be side ways.The other possibility is more selling pressurse can push it down to 11480 level below this it is very weak and drastic fall may occur.So our view the banknifty may try to trace back it path to move near 11700 level .

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Banknifty View For 4.1.2011

Banknifty Future opened gap up about 70 points from friday closings 11839.The whole Day banknifty was held between two walls from 880 to 955.When it rech near 950 we were preparing for long but it fell down sharply about 50 points.Technically it did'n give much chance for decision making.During closing it came down and closed weak.

What we expect for tomorrow is a mild gap down opening.The banknifty now has strong hurdle in its up move.The 11960 to 12050 is seems strong ressitance zone and a move down to 11882 may lead a fall about 100 points down it may take support in 11770 level.