Live Market

Tuesday, March 29, 2011

Banknifty View for 30.03.2011

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. This above we wrote in yesterdays post about today pre-view.The Nifty touched a recent new high of 5787.90 and lastly traded well in 750+ levels.This indicates the nifty can jump up further high to 5920 after few days consolidation.


The banknifty touched the days high of 11799.50 and was not able to cross 700 but tomorrow the wild jump may possible above 11700 level.We booked partial profit in positional longs and also done intraday trades that made us to gain about 120+points.

Now , we expect the nifty move to the top(earlier peaks) as per EW -c wave and it may strick in 6000 levels.The banknifty is yet to be in sideways and have to jump above 11900 for a retracing the earlier highs.It will be attract more selling in 11550 levels as the long profit booking will be on card.