Banknifty View for 6.7.2011

The Banknifty today opened in Flat as we were expecting a gap down.Hence we sold yesterday and was ready to cover STBT-Short in low but the Bn opened in flat at 11415...So we sold fresh in the opening and covered both shorts in 11352 level and when it jumped up during market closing, we re-sold the smae in 11470 and covered the same in 440 level.The BN today was in very choppy mode and almost 4 hours we made no trade and kept aside.When it crossed the 200DMA we waited to sell at the days high and sold in 470 and it touched the days high of 11480.When we saw the Nifty was in indecive mode and shown weakness and was unable to hold beyond 5665 level, we also sold nifty and kept our sl @668 that sl was not hit .So, we remain short in nifty.

From last wed' the market was not giving good chances for multiple intraday trades and it is now in a kind of suffocating phase as the bulls and bears are in tough fighting.

The nifty is not crossed the 200DMA ,where as the BN could jump up due to the SBI,bank of baroda and and other banks stocks.The FII"s are pouring money into our market that shows strength( We really not able to judge thier motive).But when we see the volumes, it is too low than usuall.On the other hand the Telangana MP's resingnation and other political scenario (Lokpal+Scams) seems a real thread to our market.So we skiped longs in index future.The IIP forcast/expectation also not going to favour the market.The DII'S sold about 880 crores today.

We need to observe market few more days to identify the firm direction.Till such time it is better to be a witness.

banknifty view for 13.6.2011

The Banknifty is still weak and tomorrow there is a possibility of little bounce up upto 10760 level and may slide down to 680 or below level.

Today as the iip data was flashed the nifty and Bn fell down sharply the nifty touched a low of 5450 and banknifty at 607.We have made good profit today as we also sold in 10814 and covered in 711 for old shorts and also made three intraday trade and made 111 points ...overall many our clients made 200 points in a day.In the afternoon we just stay kept away from trading as we were expected the market may go eratic..

For the rest view read our yesterday post below to this post as the view is same.

Banknifty View for 24.05.2011

The Banknifty friday gne up to 10744 level and left so many running gaps in between and closed at 10666 and today it opened in gap down at 10588.80 and no time it fell don to 10550 level.We gave a sell call at 10550 and many our clients could only sell at 10545 and we gave a narrow sl at 556 and target of 432.During 480 it stood longer time we covered fully and gained a profit of 65 points in the opening.

In 10380 level it stood sideways/standstill and we initiated long and near 390 we exited as the closing was very choppy and selling pressure was seen.The Banknifty gone to the peak of 10744 in friday and today at last during market closing it fell down to the days low of 10330.In 2 days it gave up nearly 400 points as the nifty broke down the critical support of 5393 and gone to the days low 5364.

The weakness of banknifty and Nifty is caused mainly by SBI and the global cue's.We belief the SBI may bounce up from 2220 level very soon and that may take up banknifty to 10600+ level.Overall the market sentiments among traders is negative.The Nifty move above 5460 level only can give the bulls some hope.

Banknifty view for 17..05.2011

The banknifty opened in gap down at 10970 and punched a day high at 10979 from there on it was unable to cross the 10960 + level the whole day.The banknifty seem having strong support at 10800 level.Today the day low was 10840 and lastly traded in 10871 level.The day was very much sideways but still gave so many chnces for intraday trades in 20-30 points many time.Today we made 4 trades and each trade made an avg of 27 points without any sl hit.So the Net gain we made is 95+ points.

We wrote we have gone positional long in 10800 level still we are hoping the BN will zoom at any moment.The Nifty today traded well above 5500 level and in the afternoon session it fell down and touched a low of 5477 and lastly traded in 5490 level.If tomorrow nifty open above 5506 and cross 540+ level means one can consider long in Nifty.it may go upto 5620 levels.The nifty is not given any firm indication as of now.So active traders can to intraday trading as per the pulse and move in intraday.

As long as the Banknifty stand above 10800 one can consider long and above 10945 it may act bullish...can easily claim up to 11230 level.

Banknifty View for 18.04.2011

The Banknifty in wednesday done a complete U turn and closed above 11900 after touching a low near 11500 level and about 400 points jump.It closed in 11903 and todat it opened in 11900 and touched a days high of 11996 and days low of 11740 level.After it opening in slide down to 834 and gone up to 870 lvel where we sold and kept our SAR in 914 level.It came down to 840 after we sold but we gave a target buy of 812 and it triggered our sl at 914 and gone to 940 and came down again to 870 and went up to 996 level.

Net gain in banknifty intraday today we made is =-37+42-18+44+32 points and we sold thrice in 940 level and bout it in 888 and third time we covered soon in 910 but it went down to 790 level.Some how we were in short almost all the time but covered it soon.or we would have made 200+points any way gaining is more important than loosing.

The banknifty was stronger today than Nifty when Bn gave up the nifty also slide to alow of 5820.the day high Nifty punched was 5923.80

On Monday the banknifty will go down if open down to 11792 level.Above 840 one can go long.The 11500 level it didnt stay longer time so it may come down and again consolidate some more time.The Nifty above 5940 will confirm rally.below it may show sideways trend for a weeks time.

8.9 Earthquake struck Japan triggering a Tsunami Alert

8.9 Earthquake struck Japan triggering a Tsunami Alert
We wrote in our yesterdays status message in Face Book:-

"On March 19th 2011, the moon will make its closest approach to Earth in almost 20 years, possibly triggering earthquakes, volcanic eruptions and other disasters." But sadly the T-sunami hit today and the newsland,Australia and inodonesia,russia are now in the face of dangers of hitting T-sunami any time.

.

The nature really shaking all of us.Let us pray the existance not to destroy us and our people&properties.No one is BIG infront of nature.The Nature always tend to attempt/balance on its own.The mankind dont have any power to stop such natural calamity.We are helpless hower/whatever technology we do have not really afford to stop such disasters,rather we surrender and get along with nature witout spoiling our mother earth in any manner.

.

The people in japan need help from the world community.Let us unite and join hands to support people who were affeted in this disaster.people are homeless and its time to show our empathy.

Today the banknifty was weak as per our yesterdays post and after the T-sunami news flashed in media the Asian market fell dwon and ours is somewhat with held and the nifty closed weak. In today trade we made-Net gain In Banknifty Intraday> -22+44+38+28+20 points.

.

The monday market may continue the weakness.The banknifty fall down to 10660 will lead free fall.We do not advise any long positing at this time.

Banknifty View for 10.03.2011

The Banknifty future today opened in gap up from yesterday closing 10984 to 11049 and touched a openi g high of 11 068 and fall down to 10960 level and again fell down and touched a low of 10901 that was the day's low and it bounced again shoot up and broken the earlier high and touched new day high of 11090.50 level and during closing traded and stane near 11000 levels.All these time the nifty showing choppy and wekness...the Bn was unable to touch the 11120 level.It shows if Bn fall down to 10900 tomorrow it attract much selling and may slide down.If nifty is well trading above 5540 it may face hudele in 5620 level.

Today we made Net gain In Banknifty Intraday > +43+27+38 -16points in banknifty intraday and still holding our positional shorts.Last two days we are very busy and unable to post in time.

Banknifty View For 15.02.2011

The Banknifty today opened in wide gap up,although its punched 10505 the opening trading was seen above 10580 level.From its opening it sustained well and moved slowley towards up&up and touched a new days high at 10809 during the market closing.On the other hand, in a similar way the Nifty was very strong and touched a day high of 5467 from the 5346 opening level(136 points from low to high)The BN moved one direction about 300 points from its today opening.

.Lets See the last 2 days Move of Banknifty:-

The friday The banknifty opened in 10100 and day low was 10080 today it touched a day high was 10809.

.Within 2 days it gone up about 730 points.

why this certain 'U'turn and what made the market stronger all of certain?

Doosra is a delivery used by off spin bowler to deceive a batsman.
In fact it is the delivery to confuse the batsman where the ball spins from the leg side to the off side.

On Friday, the market reacted as per our expectation and we think that it is a technical bounce back. Hence the present market condition may be termed as the Doosra and if you get in to it you may be bowled out by the bears.

.What to expect from the market now?
The up move may continue but the nifty may find it difficult to cross 5500. Bears may take control of the market shortly and the present rally is called a relief rally which could fizzle out anytime. It is the time to wait and watch the nifty levels rather than to buy anything.

.The Nifty now moved beyond 5440 and sustained well above this level and Bn is well sustained above 10770 level.If tomorrow open above these level it move another high to test te chaneel resitances and Nifty has so many urdle on the up move.We do not suggest fresh long at this level as stated above this is a relief rally we need to consider the nifty move above 5650 is seems to a really rally confirmation.The BN will face hurdle now in 10830 level.

Banknifty View For 8.02.2011

The banknifty and Nifty today gave little hope for the bulls as it openend in mild gap up and traded in a tunnel range.We sold and covered twice and gained during the opening about 60 points.The Bn was well traded between 10460 t0 420 level well and we traded many times.When we sold the 3rd time we sold and kept sl double buy at 472.Also place buy for short at 343 level as we were insisted to all our clients this level will be touched today...But market done the other way it went up and our sl-double buy was bought and we sold the same in 10510..it touched a day high of 10514.35 level and fell sharply down from that level in a short while as it indicates so much of manypulation and done a new days low of 10341.30.Many our clients sold while falling and bought exatly in the days low >10,343 level.

The Nifty was strong enough and shown too many whipsaw's moves in side ways and it also breakaway the critical day ressistance 5420 and touched 5444.50 and fell down to new day low of 5370.10 and lastly traded in 5405.The nifty gave so many pause/consolidation...and shoot up to 30 points in no time and failed in holding itself in higher levels...the spot index's also trades in premium..all it shows the future of nifty&Banknifty at present has so much selling pressure that may push the index further down.

In our View the banknifty possibly open in gap up and sustain above 10,440 level may lead it to a 10580/620 levels.If open or go's down by chance below 10343 it attracts more selling pressure and the bulls will have no hope there on!!! it may slide down to 9970 level.So trade with proper SL.The Nifty today some how retained above 5340 level..down to it a minor/major correction may occur.

View For Banknifty 1/2/2011

Last weak when the banknifty high jump near 11250 level we took a positional shorts and was holding till date.today partially we covered in 764 level.We were writting there were many running gaps shown and the 'Island of reversal" must happen and fill all this gaps.Today the 10699 level is such an attempt only.The banknifty is still weak and may go down further after trading another 2/3 sessions in 10600-740 level.

This above we wrote in market preview about today market.The today market touched a low of 10522.10.In my view the Island of reversal faily done in Bn and the banknifty now has come to a neutral state.

We sold today in opening write from 10740 to 680 level and expected to fall Banknifty to 541 level.We covered soon around 90+ points.Many clients were waited for our target at 541 and made huge gains today.As per our tips conservative traders made 125 points.This week we made 310 points out of 4 days trade.(Monday was almost nil.wed was holiday)Few of our clients made more than 540 points this week alone.

The view we y.day wrote is almost remain same on monday too.Today the Nifty touched low of 5485 .From yesterday the Nifty slide down and broken all supports.The next support is in 5340 and from this level it has to bounce up or Our market will face crisis..Today the banknifty last hour gained some strength from 520 level to 650 level and lastly traded in 10672...Still a mild hope there for bulls if monday it cross over 10770 levels.

Banknifty View for 29.12.2010

The banknifty yet another day crawled like a snail.The high made was 11510 and low was 11430..A very narrow range about 80 points.We attmpt 2 trades and made 70 points gain without sl hit.We does only very conservative trade today as the market tussle between bulls&bears.The F&o closing is very close by so the roll over and the year end profit booking made market in a kind of shallow moves.

So,Considering all these it may trade in sideways till f&o closing..but on thursday be watchfull as more roll over come it may act eratic.Our view now is the banknifty broke down the 11440 level and touched 11430 but the selling volume was too low...so a chance to move again up to 11570 level.Above 11600 now it become strong bull zone..now weak below 440 with volume and trade in 15-mins or more brings panic selling that may push it down to 11280 level.

The Nifty seems powerless and give no firm direction on either sides.its locked itself by hedgers heavily.

View for 10-12-2010

The Day witnessed an un-expected twist.

We have recived desperate calls from many traders who were caught in banknifty-longs without SL and seeking what to do!!Many traders who made huge loss today in the index/scrips.We really feel sorry for all of them..A situation like this need a technical expertise.Many traders who make money just by fluke!!- in stock markets are now struck.The banknifty days low to high difference was 512 points.Very eratic down fall which no one could predict.Imagine if one would have gone long without SL....really would have lost so much. Trading banknifty without knowing it depth is too risky.

So,at present the conservative traders must stay away.On the other hand the investors need to pump fresh money to buy good stocks at low price and sit tight to hold it for long term.

Today banknifty opening was good,a mild gap up @11559 and touched the days high of 11614.When some rumours spread among traders that the 'PM may resign and the FII's selling pressure is huge as the plan to exit from all holdings!!'. I too recived the same message from some one in my chat...I don't know exactly,whether due to this factor the market fell down sharply?.

Anyway in my pre-market view, we have cautioned the banknifty break down 11440 level may take the index down to 10980 level.Today banknifty touched the days low of 11102 (the spot low was 11043).We managed to do 3 trades in banknifty and gained 72+27+123 points respectively without any sl hit.We have done all trade with sl luckily none was hit.Now the time is not to trade without SL.The banknifty lastly traded@11200.20. The banknifty future still trade in 60+ points premium.The above EOD chart says it broke all supports and closed weak so the bull has remote chance now to succed.The banknifty had strong support in 11128 levels and that was broken so it may further slides down.A hope to bull now is, if banknifty move above 11580level .

The nifty witnessed huge selling pressure as many scrips were fell sharply and touched new year low.This may happen due to margin pressure.Now it has critical support at 5550 levels.We need to watch this level carefully if broken a deeper correction is on card.

Today the CORE Projects marked a day's high of 293 and traded well in 240 level inspite of this panic selling the core projects stood well.The market always tend to surprises/shock every one!!

BANKNIFTY pre-market view for 9-12-2010

The Banknifty today opened very weak ie.gap down opening at 11735 and that was also the days high but this level it did'n't stand just fell down from the opening we went short.Today we made 145 points in three trade without any sl hit all our targets were achived in 5-10 mins time.A day was fruitfull,in the sense we gained without much strain as we could predict the level and went short/long accordingly.

The banknifty now took support in 11440 level.Today the days low was 11455.if 11440 break down tomorrow we have minor support at 41o both these levels broken it may free fall to 10900 levels soon.On the other hand considering todays closing ,the last traded price was 11514 so if open in gap up above 11580 may take it to 11700 levels.

The Nifty some what struck in range and a jump up also possible from the current level as the past 5 days it seems in a consolidation mode.

Many mid-caps stocks are available at new lows....This happening due to the Margin pressure of many financial institution and the fear of correction among traders made to sell and the selling pressure is heavy many fell down already.The real investors need to buy good value stocks which is now undervalued.Its a boon time for investors..As every other people sell out of fear we can buy it for longterm.

Banknifty Pre-market view for 8-12-2010

The banknifty opened today in Gap Down about 74 points from yeserday's closing price.The opening was 12020 and we sold it and covered it with about 70 points gain.There on it shown more weakness in 11880 level and fell down to 740 and we bought in 768 and sold in 11820.Agin we sold in 828 level with sl@847...luckily the sl was not triggered we covered the short in 764.All our three attempts were gave a total 180 point approx. We also covered our positional short in 11710 level,which we sold the other day in 12494 level.Considering the Nifty levels which seems to be in a range bound/consolidation to move up.As expected the nifty touched a new day high during its closing from its day low 5956 to 6021.70 level.The banknifty lastly traded in 11805.

The banknifty we forseen and wrote in our yesterdays post will be weak below 12000 and may touch 11780.It also broken that level and touched a day's low 11689 and closing was above 780 level. Now the situation is the 'CAT on the wall'.So there is a possibility of going beyond 12000 level and sustain there for another few sessions .Now the Nifty may jump up...!! if jump above 6o93 level,it may add fresh buying.We need to observe tomorrow first two hours to confim this up move.One can take position afterwards.

Many mid-cap stocks are now trading at low...there is a chance for good buying for longterm investors.every fall is a boon for investors.

BANK NIFTY FUTURE TIPS

Today banknifty opened firm in 12465 and touched the days high of 12479 and sustained side ways more than hours and now weakness was seen as nifty showed upmove.The nifty opened today gap up 6035 and moved up and touched a day high of 6094. In our view the 6093 was a hurdle for the upmove/pull back rally.It was struck there and slowly fell down day low of 5988.

The banknifty start falling faster than nifty and touched the days low of 12046 and lastly traded in 12061.The banknifty now took support in 12000 level if tomorrow it breaks this it may fall down to 11790 level.The Nifty now weak below 5960 level.Last week nifty and banknifty shown up move day by day and today happen to be the first day of the week it shown weakness and closed weak.The banknifty expected to be trade in side ways on the coming sessions...if nifty gather strength and move above 6100 will confirm a rally. The nifty seems in consolidation mode all these days so it may explode.On the other hand banknifty shown kind of maturity in 12400 as this level attarct positional selling the buying was low.So when the supply was more and demand is less it fall down...thats what happening. Apart from this the recent 'Housing scam' made a uncertainity in Bankning &Financial sectors.it caused fear among the trader to go long.

Will It touch 12700 level?

The banknifty last 3 days gave a un-usual twist to reach the pinnacle.The trend is seems to be up&up. Today it touched high 12587. The Gap up opening from its previous closing 1358 to 12460...What a jump up!! Soon after its opening it shoot up to 12500 level and came down in the mid-session 12411 that was the day's low. Afterwards it consistently rose to 12500 and lastly traded 12539.The closing was very strong.

.

The Nifty today was stuck in a narrow cage about 40 points and sustained well in 6020 level.Almost traded the whole day side ways. The Market is now in the hands of bulls.The bear was beaten enough. Considering the last few sessions performance the banknifty possibly can touch 12700 level. Now it may weaken or attract more selling pressure, if fall down to 12420 level. In my perception it may touch 12280 and bounce up/sustain side ways.

.

Now avoid fresh shorts in Nifty...if move down to 5940 level one can go short with a S&R@6010 or wait for few more sessions to observe the direction to take any positional short/longs.

.

The 'MOIL' -IPO over subscribed that may pump fresh money into the market. Now The recent past many IPO's witnessed huge returns(Eg-COAL India Ltd) for the real investor's. So, the market and its 'corrective phase' is suspended for the time being!!

.

The Floating is just commenced...

Although the banknifty future opened today weak in a gap down and gained momentum there on and shown its power.Its acted like a silent Warrior not shown its impulsive inner strength..from the days low of 11766 12096 at last traded in 12025 in its closing trade.This is again a strong closing note.

We foreseen this up move when it fell down to 11400 and asked all our positional traders to go long , today we exited the same longs near 12060 level.Even in our yesterday's pre-market view, we posted the banknifty will cross 12000-12200 level that is achived.Today the banknifty touched 12096 level.

Tomorrow we expect a flat opening and trade in side ways,If nifty open above 5940 level fresh buying may comes in and that may boast the mid-caps stocks which fell down recently.The GDP growt shown 8.9(From 9.1)and tomorrow the euro banks test may give some more impacts on these index's

Nifty moving above 6015 level will motivate a short term rally.Avoid short if open above 5940 level.

Banknifty Finding its ways out...

As we expected and posted in our yesterday post today banknifty shown great volatality.It is yet another jackpot day for all our clients.In the market opening itself we sold at 12760 and placed buy at 636 and that happen to be exactly the days low...but we have covered all short in 644 itself. We have made three attempts without any SL and made a huge gain.We also alerted all our clients over phone short bulk as much as one can and there were few clients sold 100 lots and profited 116 points in one stroke.Around 3 pm we sold again in 722 and placed buy at 667 and made 55points..over all a 200 points gain (The banknifty low was 12636 and high was 767-Difference from low to high 131 points...where as we made 200 points by swing trade)

What one can expect now?

The Banknifty is in the process of Finding it ways out now..A transition phase and we do not know which side it will move!!! upside or down side..!!

.

Now it will trade in a 150 points narrow zone with more swing as per the present EW properties. The 12600 range seems to be an ideal level for good volatality. A fall below 12450 may bring it down or a 3 to 4 days consolidation may take it to 13200+ levels.The nifty today shown weakness and during market closing it shoot up and sustained above 6200 level, that is again a worrisome fact for the bears.The nifty life time high is 6346 another 100+ points away if break out this level a major pull up rally may possible.There are news around nifty will go to 7200 level.I wish be a wise trader and follow your own plan of trading and ignore all rumours...just be with the market pulse and get along with it.

Caution: The word of caution from our side is trade- 'only in intraday for some time with SL' . Avoid fresh longs in both Nifty&Banknifty.

Banknifty May Fall!!

The banknifty today touched the day high of 11240 and the day low was 11074.The opening we sold near 11110 and covered the same near 11080 and we bought it again near 11155 and sold the same 50% near 199 and rest at 11236. During the closing we sold Banknifty at 11205 and thought of carring the short for 'STBT', but when it fall to 170 level we covered at 175 after covering it fell further down to 11140 level. The closing was weak in banknifty. The tomorrow banknifty may weaken further and any down move down to 10970 will bring fresh selling and it may reverse the on going rally in banknifty.

.

Today was one of the great days for us , as far as the profit is concerned.We bought almost banknifty at the days low and sold the same at the days high.We gave a STBT call in Icici Bank yesterday at 1038 and covered the same at 1025 level today morning.We also gave sell call in Kotakbank at 850 and covered the same at 844.These calls we give free for our banknifty paid clients.

.

The Nifty seems to find hurdle in 5620 level. It fall from there twice,the other day it went to 612 and fell,today too it fell from 620 level to 580. I think, if the nifty break down 560 level may bring fresh selling in nifty...one can go positional short in nifty with the sl of 5624.

.

What Do We Expect Tomorrow?

The Banknifty went to the 11240 level and for no reason it fell to 140 level during the closing. A 100 points fall in short time duration was indicating the base is not so strong/ solid . We expect a weakness in banknifty tomorrow. The icici bank was weak today,if the same continue tomorrow the Bn will fall down.

.

On the other hand the banks merger with Sbi news made it to zoom up about 50 points in no time and still the banknifty was failed to touch the new high (That would have been easily reachable). There are some hot talk about the banks D/E Ratio( Debt Ratio Analysis) among the taders we need to study it further.Now we have the understanding that,the banks may fall any time.

While writing this post the Asian market is in red and the US market we have to watch out tonight for tomorrow opening prediction.

I wish you to avoid fresh longs inNifty&Banknifty at the current level.

1800 +points profits we made in Banknifty future may 2010

Yesterday, we wrote where the market leading us to...?

Today it is confirmed further down.We gave pre-market alert that market will open in gap down and sell wherever it may open and do not go long in banknifty.We sold in 8990.00level and covered in 8910 level without stoploss...again we sold in 970 level and covered at 8846.00like wise we have done 4-trades that too without SL..we also hold our positional sell partially.In today intrday alone many of our clients made more than 1lakh profit.(all these happened in before 2.30pm)

.

As on today we have gained more than '1800+ points profits' in Banknifty future may month contract alone.

..

Assume that > A small trader who does only 50 nos in banknifty have easily made 50X1800=Rs.90,000/-this month with the capital of 1lakh.What a gain.This is what our success is.We have turned and used all opportunity to our favour .This month witnessed more volatality due to global cue's and we really sailed well in this tidal wave and reached shore safely with basket's full of fish.