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.

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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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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.

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.

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.

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.

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.

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.

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..

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

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,

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

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.