Live Market

Sunday, September 11, 2011

Banknifty view for Monday 12.9.2011

Last week the Banknifty bounce up from a low of 9350 level to 9950 level.We sold and covered our shorts in 400 level and again accumulated shorts in 800-950 level and the friday we gave a sell at 940 and covered same in 704 and agin made few intraday swings and made a gain of 300+ points.The positinal shorts still we are holding in nifty and banknifty as we expect the market may bottom once again.

The Bn touched day high of 9960 and fell to a days low of 9635 and Nifty too shown a fall of almost 100 points in intraday.The Us and SGX are trading weak and the Monday our market may slide further.If Banknifty fall below 9480 do not remain in long.Nifty will again fall below the 5000 mark. No wonder if nifty go down to 4700 level again??