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Wednesday, January 5, 2011

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.

1 comment:

  1. Gold delivery for April are down 0.4 percent (Rs 104) at Rs 29,256 per 10 grams.
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