Banknifty view for 27-04-2011

We wrote in our pre-view about today market in yesterday's post:-

In the above 2 charts we have 1 is intraday and the 2 is the week chart(5-days).In the 5-days chart the Bn shown few gaps left unfilled.This week it will try to fill this gap before it move up firmly.It actully zoomed up from 11620 level with so many running gaps.Mainly in 630-8- and 780-840.If the Bn break todays low's 11890 tomorrow it may slide down to 11730 level.Above 12020 it can claim upto 12180 level but the nifty now face hurdle in 5940 level.So one can go short in nifty with sl at 940 and Bn with sl at 12032 level if the opening is near 11940 level nifty in below 5920 level.

The Banknifty opened in 11920 and gone to 11923 and fell down to the days low of 11723 and from 11780 it completely done a 'U'- Turn and gone to the day high of 11939.We gave 11940 as sl.in our post and it exactly stopped there.Lastly Bn traded in 11890 level.We see still the weakness in Banknifty as per our parameters/indicators.

The yesterday's scenario remain almost same as far as the Banknifty tomorrow is concerned.The banknifty during the market closing runned up with running gaps.Shockingly the Nifty today shown a punch at 5391.Don't know how it happened.Some technical system error would have been there.The Nifty came down actually to 5825 level traded well and zoomed up to 5907 days high during market closing.

Today we made 48+30+30-16 points gain in banknifty intraday.

Banknifty View for 26.04.2011

2. 5-days chart

1.Intraday chart

The banknifty today touched a days high of 12025 and came down to the actual days low at 11917 but the opening punched was shown at 11890.That was the days low.Today the Banknifty was moved like a SNAIL...in sideways between 11950-80 for longer time and day was boring for the active day traders.

In the above 2 charts we have 1 is intraday and the 2 is the week chart(5-days).In the 5-days chart the Bn shown few gaps left unfilled.This week it will try to fill this gap before it move up firmly.It actully zoomed up from 11620 level with so many running gaps.Mainly in 630-8- and 780-840.If the Bn break todays low's 11890 tomorrow it may slide down to 11730 level.Above 12020 it can claim upto 12180 level but the nifty now face hurdle in 5940 level.So one can go short in nifty with sl at 940 and Bn with sl at 12032 level if the opening is near 11940 level nifty in below 5920 level.

The Nifty was well consolidated in this level and may prepare itslef for a fresh rally from here.There are so many value stocks avilable for best buy which are ready to zoom.

Banknifty view 21.04.2011

The Bank nifty moved up as we stated...in our yesterday preview like this below:-

The Nifty today was traded in side ways above 5700 level and seems stronger.The Bn also during the afternoon session was gone up and seen good consolidation.So in our view the Bn may try to jump up above 11700 level and there on it attract fresh buy and may move upto 11830 level.Now it is weak below 11604.One may go short with SL.This week the nifty may touch 6000 level may possible as per the tech view.

The Banknifty opened in gap up above 11700 and today it touched a day high of 860 level.The nifty also opened abobe 5800 and touched a days high of 5875.The trading today was mixed as the it gone up and came down and during the closing it went up and touched a day's peak 11860.

Tomorrow we expect profit booking in nifty and Bn and the day after tomorrow the market is holiday and hence no one prefer 3 days over night position.So the market may slide down to 11700 and nifty may come down to 5800 level or it may trade sideways.Avoid fresh longs.

Banknifty View for 20.04.2011

We wrote it in our yesterday post the below..

Now The banknifty may take support in 540 level and try to cross 11640 level if move beyond it,it may turn little bullish upto 770 level or the market remain weak and sideways.The nifty made a day high of 5920 and the day low was 5727.Almost 200 points down in a single day.The Bn was about 400 points down from its day high.The banknifty was lastly traded in 11593 and was not able to cross 11600 for more then 30 mins.As we noticed there were not much fresh buying seen today yet tomorrow it may open gap up and slide down.
One can consider long in banknifty if move above 11770 level or go short with proper SL near 11805.

The banknifty made a days low of 11675 after it went down to the days low 11512 from the opening it zoomed up then fell down.Today the Bn gave multi trading choices for the day trader.We attempt 4 sell's and 1 sl hit out of it for 18 points.The Banknifty net intraday gain we made was +37+62+29 points.

The Nifty today was traded in side ways above 5700 level and seems stronger.The Bn also during the afternoon session was gone up and seen good consolidation.So in our view the Bn may try to jump up above 11700 level and there on it attract fresh buy and may move upto 11830 level.Now it is weak below 11604.One may go short with SL.This week the nifty may touch 6000 level may possible as per the tech view.

Banknifty View for 18.04.2011

On Monday the banknifty will go down if open down to 11792 level.Above 840 one can go long.The 11500 level it didnt stay longer time so it may come down and again consolidate some more time.The Nifty above 5940 will confirm rally.below it may show sideways trend for a weeks time.

The Banknifty today opened in gap down and went to the days low of 11553 as we satated in our friday post preview of market today.Today from the opening we starded selling in 11775 level and kept our sl at 804.fter we sold it came down to 750 but we didn't covered as we gave a target buy for our client at 11717.But in no time it triggered our sl at 804 and went to 845 in running gaps.We also fresh sold in 840 to 920 level and asked our clients to place buy at 717.Inspite of the bullisness we were aware the rally is shallow as we follow closely the pulse of the banknifty.many clients were little agitated as it gone to 11941 days high level we again insisted them to sell if margin available...From 11940 in no time the Banknifty fell down to 11690 and our target 11717 was achived.Many clients made 200 +points in one sell,one buy.Afterwards we kept away as the market shown panic selling and fell doen to 553 level.One need to be diligent in trading banknifty as the logic mind many time fails.Only the market analyst can sense the pulse.

Now The banknifty may take support in 540 level and try to cross 11640 level if move beyond it,it may turn little bullish upto 770 level or the market remain weak and sideways.The nifty made a day high of 5920 and the day low was 5727.Almost 200 points down in a single day.The Bn was about 400 points down from its day high.The banknifty was lastly traded in 11593 and was not able to cross 11600 for more then 30 mins.As we noticed there were not much fresh buying seen today yet tomorrow it may open gap up and slide down.

One can consider long in banknifty if move above 11770 level or go short with proper SL near 11805.

Banknifty View for 18.04.2011

The Banknifty in wednesday done a complete U turn and closed above 11900 after touching a low near 11500 level and about 400 points jump.It closed in 11903 and todat it opened in 11900 and touched a days high of 11996 and days low of 11740 level.After it opening in slide down to 834 and gone up to 870 lvel where we sold and kept our SAR in 914 level.It came down to 840 after we sold but we gave a target buy of 812 and it triggered our sl at 914 and gone to 940 and came down again to 870 and went up to 996 level.

Net gain in banknifty intraday today we made is =-37+42-18+44+32 points and we sold thrice in 940 level and bout it in 888 and third time we covered soon in 910 but it went down to 790 level.Some how we were in short almost all the time but covered it soon.or we would have made 200+points any way gaining is more important than loosing.

The banknifty was stronger today than Nifty when Bn gave up the nifty also slide to alow of 5820.the day high Nifty punched was 5923.80

On Monday the banknifty will go down if open down to 11792 level.Above 840 one can go long.The 11500 level it didnt stay longer time so it may come down and again consolidate some more time.The Nifty above 5940 will confirm rally.below it may show sideways trend for a weeks time.

Banknifty View

Today banknifty and nifty shown weakness.The banknifty shown a punch of days high 11700 and days low 11590 both these two levels it was unable to cross after the market opening whole day it was moved like a snail and sideways in 620-50 levels.The Nifty made a day igh of5848.60 and days low of 5796 level.The nifty is still weak as it was unable to cross the 855 level.Hope this weak our market may slide down further.

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We made only two trades and won 52+20 points as a net gain in banknifty intraday.The banknifty move down to 11540 will add fresh selling pressure as it accelarate more positional sell.We were cautioning from 11920 level do not go long as we were holding positional short and today we covered partial in 11600 levels.

Banknifty view for monday

The banknifty today shown considerable weakness and the nifty shown a visible weakness today after it punched from 5700 to 6000 level.The nifty was too strong all these 2 weeks time and today it broke the 5855 and gone down to the days low of 5833 level.

The Banknifty made a low of 11665 from the days high of 11889.We mentioned in our earlier post when nifty was near 5380 it may touch 6000 and bn may go near 12000 level.The nifty done it but BN is failed to cross 11930 level.That too last 3 days it try to go up beyond 900 but failed in its attempt.Now banknifty is preparing a down move towards 11540 breaking this minor support breaking down may slide to 11330 level.The bull now have hope only beyond 11933 level and can consider long or below 11730 go short.

Today we made good trade and gained about 100 points in 4 trades.The Bn in sideways move almost a week that made us to gain all these week days a great gain about 400 points in intraday itself.

We Will update on sunday night the rest view after seeing the global trend.

Banknifty view on 8.04.2011

The banknifty today touched a days low of 11695 and bounced up tp 870 level it seems it is a kind of consolidation to move up again to the 12000 level.Below 680 it may move down.Today we made Net gain in banknifty intraday=+38 +33+48 points.

Now the nifty and Bn may try to bounce new highs if nifty stay tomorrow above 5940 and closing above this level may take nifty to 6180 level.Bn to 12120 level.If nifty close below 5870 it may slide down to 5740 level and again may sustain side ways.banknifty fall below 720 is weak and below 680 we can confirm weakness to sell and it may take support in 11540 level.Now the trend is sideways so we can not say anything firmly.

Banknifty View for 7.4.2011

Today the day was good for all our clients as we made fair trade and gained much.The Net gain we made in banknifty intraday= 29+27 -17 + 30+32 points(intraday positional+91 points).There are few clients who made nearly 200 points as they trade both intraday+positional calls.Assume if one trade 100 in Bn they would have made 100X200=Rs20,000/-.That is what the banknifty give return for your risk.The risk is your sl.As we used give minimum calls with minimum sl and try to gain more from market.

We wrote in our yesterday post the banknifty was failed to trade firmly in 11920 level.Today it was not able to cross even the 900 level.it touched day high of 11897.95 and touched a days low of 11733.80.most of the time it trade near 11800 and lastly closed near 11760.The nifty also seen selling today as it slides down from day high 5933 to 880 level and did'nt stay long in above 5940 level.

The intresting part of the market is many value based stocks are moving up in the last few weeks.our own many seed tips scrip have gone beyond 50% in 2 weeks time.

The Banknifty now may turn a positional sell if open tomorrow below 11800 level and we do hope the tomorrow market the gap down opening will be there.The nifty one can go short below 5920 with sl at 942.BN can slide down to 11600 level.trade wisely and keep SL and trade.

Banknifty View for 6.4.2011

The banknifty today was different and very eratic in its up and down moves.It gave so many chances for traders and also was not easy to predict the trend as it was a kind of twist almost from the opening to the closing.

We saw the Bn open in 11925 and gone long in opening around 910 but instantly we saw it was sliding and we double sold in 915 level and bought the same i 872 level.There it show strength and we gone long wit sl at 842 and certainly it fell down very fast and hit the sl.We acted very fast and gone fresh short in 840 and gave a target buy at 747 and during 790 we asked our clients to cover 50% short balance at target.The target was done and bn gone to the days low of 11728 level.From 840 to 747 is what we gained inspite of sl hits we made gain and we told our clients to stay away and stopped tips after wards.Also warned when it was trading 735 level do not go short dead cat bounce may be there.The same happened the BN too up to the 880 level at the end.

In our View the Banknifty was unable to stay firm even 5 mins in 11920 level.So any firm stay above this level can take it to 12030 level.It is weak below 812 level and very much weak below 602 level.If fall down to 780 do not remain in long.Trade with SL that save your capital.

Banknifty view for 5.04.2011

The Banknifty done a complete 'U" turn today as the Nifty was very well hold it status quo and touched a day high of 5955.30.The banknifty was weak during today openining and technically was in sell mode.We sold in the opening around 11740 level and gave a target at 692 which was ahived and the Bn gone down to a days low of 684 and bounced slowly abobe 722 and there on gathered strength as it was done by so many short and sl hits.As we stated in our friday post above 743 it added fresh buy and above 788 lot of running gaps took it to 919 level and we sold again in 11905 and covered the same in 11880.in our today trade there were 2 sl his as the market was in side ways.Still we made net gain about 30+ points.

The Nifty now has multiple resistances and we also expect it may attract profit booking at this stage as we are facing so the result seasons.The banknifty is really strong in 920 level but today it jumped and did'nt stayed back during closing.It is a kind of exhasitive gaps.We really need to observe the tomorrow trnd to confirm this.Or any prediction may futile.The friday Bn touched a days low of 11602 and today it touched 919 so any time it can slide down as per the move of NIFTY.

Banknifty View for 4.4.2011

The nifty now easily cross the 6000 level if hold above 5700 level and Banknifty is turned to positional sell and weak below 11680 and strong only above 823 levels.One can avoid fresh longs and consider shot with sl.The BN has many gaps left unfilled and expected to fill soon.As the Finacial year end the market may be gone high to show good NAV/Results for many institutions/MF!!! So now time to anlyse and observe the market another week to predict further.

This above we wrote in yesterday post about our pre-market view.The Banknifty opened gap up from its previous closing 11763 to 11800 but it was seen trading in 11750 and rose to 11798 level.We sold it in the opening at 11795 with SL@816 and gave a buy target at 640.And the target was achived less than 15 mins time.About 155 points gain in opening call.We asked to book profit in 680 level to many bulk sellers who used sell above 20 lots.Again we sold in 680 and bought near 622 level.Today it is a kind of jackpot day for all our clients.The banknifty gave us so many solid moves to buy and sell frequently.The oepning and day high was at 11800 and it touched the days low of 11602.We are glad that we almost sold near the the days high and bought near the days low.All our today trade was fruitful.New subscription for banknifty intraday+positional open till april 15th only.One can join and enjoy daily profit.

The Nifty today was able to maintain its status quo, as it didn't fall much like BN.The day low is 5837 and high was 5884.70.So the Nifty may in the process of consolidation and may jump up again to 5920+ level.

In our view the banknifty is weak as the closing it was not seen any short covering as it lastly traded in 11689 and unable to go beyond 11700.We need to go short in BN if trade below 11743 level.Above it may go to 870 level.It may weken further down to 617 level to 440 level.We mentioned in our view y.day do not remain long.The same view is for tomorrow too.