Live Market

Friday, June 3, 2011

Banknifty view for monday

The Banknifty last 2 days showing weakness.Yesterday it opened in gap down about 100 points and today it struggle to cross 10950 level and also not broken down the 10680 level.Monday it may open down to 10680 means the Bn will fall down to 10270 level.if open above 10940 a side ways trend will be there for few days.Today we made only 2 tardes and made 39+47 points without sl hit and also covered yesterday stbt today and made another 77 points in it.

Today we gave nifty positinal short exactly at day's high at 5608 and gave a target of 5510 and the day low was exactly 5509.80.We were really thrilled as nifty was going high after high and we sold in days high and bought at days low and made about 100 points many our Banknifty client we gave it free all of them really stunned by our performance.

The nifty and banknifty may continue it weakness on monday and the bn is strong only above 10922 level and the nifty is above 5552 may gather intraday strength...overall the sentiments are neagtive the nifty may go down agin to 5440 level,