Live Market

Monday, March 28, 2011

Banknifty view for 29.03.2011

The Banknifty done a technical breakout in last friday and made a high jump to 11600 levels.Today it opened in gap up but immidiately fell down to 11336(punched)We took intraday long in opening trade around 11400 and exited in 460+ levels.Today over all we made 3 trades and made about 133 gain without sl hit.

The banknifty today punched a low of 11336 and traded well in 11600 level and made a days high of 11642 level.The friday closing to today it well above 200 points and sustained above 11500 firmly.The Nifty also broke away all its hurdle resitances in 660 to 730 levels.

Now the market is powered by the wild BULLS. So, trade accordingly or change your positions.The nifty above 5730 may possibly take the market again to the all time high levels.The Banknifty now may trade in side ways to break the 'Res' levels in 11650 to 11700 levels.