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Saturday, May 28, 2011

Banknifty View for Monday

The Banknifty and nifty gave a strong gap up opening and this rally is fueled By SBI bounce up form 2180 to 2230 level.We coudn't sense the pilse whole day due to power cut at our end.We mad opening 2 trades and ter after only was able to watch market in 2.30 to 3.30 market closing time.

The Banknifty and Nifty jumped up and left opening gap and few running gaps.Today was the first day after F&o closing We still not sure of this rally!! It seem as of now a pseudo rally.We need to observe the monday market how firm the market is going to be.

The market always gives this kind of certain unexpected twist.Of course that's part and parcel of the market.It is a challenge for Technical analyst how ever they are smart enough the market is ultimate and beat all your perception or preview's.