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Wednesday, March 9, 2011

Banknifty View for 10.03.2011

The Banknifty future today opened in gap up from yesterday closing 10984 to 11049 and touched a openi g high of 11 068 and fall down to 10960 level and again fell down and touched a low of 10901 that was the day's low and it bounced again shoot up and broken the earlier high and touched new day high of 11090.50 level and during closing traded and stane near 11000 levels.All these time the nifty showing choppy and wekness...the Bn was unable to touch the 11120 level.It shows if Bn fall down to 10900 tomorrow it attract much selling and may slide down.If nifty is well trading above 5540 it may face hudele in 5620 level.

Today we made Net gain In Banknifty Intraday > +43+27+38 -16points in banknifty intraday and still holding our positional shorts.Last two days we are very busy and unable to post in time.

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