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Wednesday, March 30, 2011

Banknifty View for 31.03.2011

The banknifty last few days going up every day about 150 points and closing near the high.You can watch the chart above here.We need to also keep in mind there were many gap up openings and running gaps left unfilled.As though it touced 11800 level it may have a minour correction down to 11460 level and again sustain means go up as per the nifty move.The Nifty today gone beyond 5800 level and shown it strength.There were little profit booking seen in 5800 levels.Now it may sustain in side ways and the aggression may be less.

The tomorrow the F&O closing and the long roll over may not be there as every one wish to book profit here as the index are in recent peaks.Today we made only 2 trades and made 41+47 points gain in intraday and exited all positional longs in 11800 levels.