Banknifty View For Monday

The Indian market is the place for uncertainty.The Unexpected "U" Turn made every one stunned.How ever we follow technical aspects of it , it is not enough.The Fundamental also one need to look out.Today The FII'S activity is more, that caused this un expected rally.Today In NSE&BSE The Net buy of FII's is Rs.3682.65 crores Vs.Net sell of Rs.2792.21 crores.It is not easy to predict the FII"s market behavior when/Why they buy/sell.?? Last week the Nifty future touched a low of 5182 and today it gone near to 5400 when every one out there expect a fall down to 5000 level.We are also not excluded in this preview.

Yesterday we covered our STBT short in Nifty and Banknifty ,when the market opened in Gap down.Today we were unable stay back the whole day as the acute power cut here.Today we made no trade as far as the intraday is concerned.But positionally we have done Short In Bn.The BN yesterday touched a days low of 10445 and today it jumped to 10900 level . From its opening it didn't give chance to any one -for a sell and buy.Many stood away due to the fear of going long and holding it for 2 days overnight position.

We see the post market analysis the market was broken out ,when the global markets are bleeding in red.This happened due to the FII's participation and also the F&O closing nearing and made most of the short holders to cover short at loss.Now ,when we see the tech view the 10541 to 611 gap is left unfilled ...if this rally is a pseudo one , on coming Monday to Wednesday or Thursday the BN has to do the 'Island of reversal' to fill the gaps in Nifty and Banknifty.

The Reliance& SBi + other banks are fueled this rally.The July premium was reduced due to the short rollover.Many traders are in short and the market volume were less in last few days and today it gone up as the panic short covering gone high.Whatever it is, the market is still not stable to go long.

Banknifty View for 21.06.2011

In spite of our caution many amateurs traders who is not our clients who went long in Banknifty called us today when the market gave them utter shock..!! It really shook many new bee's who doesn't know what is future trading and yet they are greedy to make money.The today market really shook them all.We helped them to extend possible and minimized their loss.

In a spur of the moment the Banknifty fell down sharply from 10600 to 10335.This happened in no time before one blink his eye's/Such a speed like a bullet it fell down.We are here to help many new BEE's and write our preview about the indian market.If one would have diligently follow this blog for last 2 weeks one would have skiped this loss and made a huge profit.We were selling the banknifty right from 10900 and today opening we just place buy in 10468 in no time this order was executed.Made about 440 points in 3 weeks.All our positional client 's made a profit of 100X440= Rs.44,000/- This will happen when one knew how to align their position according to market pulse.

Today, we made good gain in intraday as well.Friday we sold Bn near 10620 and today we covered in 540 level and also made 4 trade and made about 200 points in intraday itself.The positional clients also re-sold in 610 and re-bought at 480 and made another 90+ points.This is what the excellence in "Art of day trading".

I wrote in one of my older post's...

"On the left side nothing is right and on the right side nothing is right"

It became true today. As the Nifty touched the days low of 5182 from days high of 5379.What else to be said....

The indian market is not having the backbone of its own.Hence its dances as per the tunes of the FII's.When they sell the market slide down and when they buy the market moves up.However one is strong enough in Technical & Fundamental Analysis it is not enough.One need to be expert also in the Macro economics.That can only make us to guide better.We simply observe the FII's activity.Last year the FII's invested about 28 Billion dollars in our market and during Nov&Dec-2010 started selling and our market fell down and they started buying during this year Feb-2011 and market gone to 6000 levels..Now past 4 weeks they again selling about 2 billions and now the market sliding...still it may slide down.We expect the Nifty will go's down to 4900 level.

The regulatory authorities (Watch Dog) like SEBI need to have some more measure to control our market and it has to stand on its own backbone..will it happen? This should happen any of this uncertainty due to FII"s buy or sell is not good for our market and our people won't make money than loosing.it is my concern.

Banknifty View for 19.05.2011

The banknifty and Nifty seen genuine selling pattern due to the SBI fall about Rs.300.Now it trades in 2350 level.The SBI result was not bad actually .The SBI in Banknifty intex weightiness is high and that gave so much impact on banknifty fall.

Today in the opening we sold near day high 10682 level and gave a buy target at 10533 that was achived and that was exactly happen to be the days low.Today we made 4-intraday trading and gained 110+ points.Few trader who trade both intraday&positional made 250+points profit today.During the afternoon seession we sold in 10615 level and kept our sl at 633 luckilly that was not triggered even thoug the bn traded upto 644 level.We bought it in 571.So today our calls are 100% success.It is good day the market was in our favour and all our clients gone home with pocket full money.

Now we need to observe the Nifty move as it trades in its critical support level.Today it touched days low of 5397.60.The 393 seems support now...down to it,it may fall free.Now there is a chance for steep reversal too.

However one may be technically sound one need to have great quality to sense the ongoing market pulse.That only make a trader to a true winner.Have passion for each and every trade you may make.Do not trade for other but trade with your own guts.that helps a lot.

Banknifty view for 9.05.2011

Today banknifty opened in gap up from its yesterday closing 10748 to 10820 level.But actually there was a punch seen in 11726...!!.


After seeing this 1000+ gap punch we have gone long and made 100 points profit in the opening itself. We bought near 10820 and expected 11120 target that was achieved.We have only seen the 10820 level and the high of 11180 level.The opening punch 11726 was not traded...but we need to consider the gap up punch as it indicates something.The recent past we have seen when the nifty was trading near 5800 on 26th- April it punched 5393 and the market fell down from there on and today only it shows some up move.

Today nifty traded well above 5540+ level and touched a days high of 5574.we belive the market now is in buy mode and one can go long in banknifty as we too intiated positinal longs.

Rest we will update on sunday night.

What to expect from the market now?
Foreign institutional investors off loaded stocks worth Rs. 245.42 crore on Monday along with the domestic institutional investors who in turn sold out stocks worth Rs. 27.61 crore. We expect the market to remain in the tight range despite the sell off made by the institutional investors. Market is expecting some cues from the budget but post budget there could be huge volatility in the market. Today, the market is expected to be in tight range. The upper band of the nifty may be 5520 and in case it crosses the same it could go up to 5580!

Today our market fell down sharply in the afternoon .The Banknifty gave up from its day high 10877 to 640 level.Nifty gone down from 5501 to 5426.This weak nifty and banknifty there were less buying and more selling seen on monday to till today that made the fall and the bulls have less hope now..If Nifty move above 5560 level the inverted head and shoulder may come in act and lead market to further highs and if nifty move down to 340/320 level just negate this formation it will fall further there on.

We were selling Banknifty right from the recent high's 11270 level and the partially we booked profits in positional short today in 10660 level which was sold in 11270.We made about 600 points in positional short in a weeks time.Still we hold part of our short to cover at lower level.

Today in intraday we made 4 attempts and succeded in all and gained about 130+ points profit. At last we sold in 10840 level and covered soon as we made enough gain in intraday, once we covered it fell about another 150 points.We just sat tight and kept ourselfs away from market.

The Banknifty as we mentioned in our monday post below 10770 huge selling will be there that happened after 3 days today.Now tomorrow the banknifty may trade sideways and may fall down agin in the coming days.

Where This Rally Ends?

Where the Nifty and Banknifty Ends it upward move? Almost unanswerable question.On the day of deepawali the indian market witnessed a all time new high.The Nifty broke away the previous top 6349 and Banknifty was made a high of 13400 level and reached it top.The Sbi gone to 3400 level and many many scrips made new year high's..The Sensex is nearing the 21000 mark and no wonder it will cross this boundry...The COAL INDIA made our market much stronger when it touched 340 level.. the fund inflow become surplus in our market.

The Indain market is seems to be a trend setters for the Global cue's..

That too after the US-President Obama visit and his inspiring talk in the parliment made many world leaders and ceo's attention to india. He quoted- "india is not emerging country,its a emerged nation". Our nation is the attractive gold mine for the real investors and the FII's buying everday is rising and almost more than about 2-months the fund inflow to our indian stock market, mainly the value based companies have been wittnessed huge buying by these institutional investors. Many of the companies stock prices are multiplyed by 100-600% growth which is an amazing sign of growth.Our own clients of 'SEED WEALTH CLIENTS' made massive money.

So the remaining days/months going to attract more potential FII's/Investors to our market and the sensex will make another new highs.

I also, wish you to read this as well..
Written by a Pakistani journalist about India- Must forward to all Indians!
Dear All...Visit here to read this> http://wealthtrainer.blogspot.com/
An article written by a Pakistani journalist about India .. Must forward to all Indians!

Coming Back to Banknifty...

The banknifty whenever it reaches the chennal top a huge profit booking seen and it used to stand still for few sessions.The deepawali day it made a new high and afterwards it fell down about 300-400 points and today it opened in gap down and touched a low of 12990 where its sustained for a while and a certain jerk made to cross 13150 and gone up to 13187 level and fell from there to 15o and the 13150 seems a strong support for banknifty at present and it took support in this level and during the afternoon session went to another new day high of 13240 level and closed strong.We made a profit of 100+points today without any sl hit.We purposefully avoided trading few hours when the showed choppiness.

As i wrote in my earlier post the positional traders who took long can hold with trailing SL and avoid fresh positional sell at present.One can do intraday with proper SL and can make 50 points in a day easily by using all the swings.That will be an ideal choice at present.Hence it made a rally of 1000 points within few days to a week.

'Not A Time to Risk Your Capital'

Banknifty Future Weaken Further Today

The banknifty future opened flat and instantly fell down and came down to 12180 level.Where as in the after-noon session it shoot up again and cross over the days high and the last half-an-hours some eratic fall of 100 points seen within 7 mins time and it closed weak.

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The 'Eod' chart above shown, showing the banknifty future is weaken further today from yesterday chart. The today market was quite un-predictable as the F&O closing+the fight between bulls and bears to sustain their 'status quo' it swung on both sides.. it went up and fell down.The SBI was very volatile and Bn acted as per the sbi moves.

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The Nifty today made another low and seems very weak.We need to watch out the 5839 level digilently weather it breaks down or take support and move up!!. The first week, the market may witness more swing as the largest issue ever in indian history 'Coal India" issue is going to open this will bring more money into market as the sellng/buying will be more aggressive in this scrip. I belief it is a very good scrip to hold for a long term beyond 3 years .

The Positional Short can be hold?

In the above EOD chart indicates clearly the wen banknifty and one can hold positional short in banknifty...But one has to be very diligent and a full timer in holding positional shorts as its swing from 50 points to 500 points within a day.The monday market we must be watchfull as the relief rally can happen and it becomes an important do alter or carry position short. The nifty as of now showing great weakness as the COAL INDIA 'IPO' Suck out about 40 to 70 Thousand crores from the market.On the other hand the result seasons so many scrips are booming into new highs.

Trade with caution as the market now not satic and have option to jump both sides.

A Jacpot Day For Us In - ' Banknifty Future Trading'

Today we made an excellent trade without any sl hit we made 7 attempts "intraday Banknifty Future" and succeded in all . The market opening we sold near 12465 and placed a buy at 12320 and was bought.We gain sold at 12380 and covered in 12248..similar way we attempted and gained Nearly 300 points in intraday. So it was a ' jacpot day ' for all our clients.Infact we sold in the days high and bought near the days low and gained the maximum in banknifty.

The Levels we have mentioned for buy/sell in todays intraday was very opt and all our targets were achived without any modification. We have been doing intensive study in banknifty and the levels we aims for our trading is quite facinating.Most of the clients were amazed by our sell or buy calls when it exactly touch/achive the levels we mentioned.Any way we welcome you to become one and enjoy the jacpots everyday.

Now What we do expect tomorrow?

The Nifty touched the days low of 6007 and the 5990 was the days critical support and a breakdown of this level would have attracted huge selling in nifty as so much of SL/Basket selling were placed here for positional shorts...But some how the market slowley rose and sustained in 6035 level and during closing it jumped up to 6120 levels.I could see already so much shorts have been build up from 6250 levels.The Nifty fall down to the 6000 mark now is very critical and the indian market may face huge correction about 500+ points.So the bulls be carefull now and avoid longs or do it with strict SL.

The Banknifty is weak below 12410 level and it is the level of positional shorts.Today it fell down to the days low at 12236 and during market closing shoot up to 12450 level.This exhastion runing gaps is futile tomorrow.Be wathcfull the market witnessed many a times a false breakouts.

Excelled in Banknifty Positionals

Hi All,

If, you would have read my daily post in this site for the past few days we have been cautioning not to take fresh longs ..Do your intraday trade with strict stop loss!! Today it is proved almost a fall of 300 points in a single day.We have been excelling in banknifty positional and intraday trade.Today we have sold from the opening onwards.We gave a special message to our paid clients " Sell Banknifty as many lots as you can" and all our clients made good gain.

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We also carried positional shorts from 11110 and we covered the same today @10710>> 400 points gain within 10 days..

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We were anticipating this free fall well before and thats why we could carry our intra&positional shorts and that made many of our clients to mint good money.In the Aug' month we have made about 950 points in intraday trading.

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Now what to expect from the market?

All this days the bannifty was showing weakness but not shown weakness price wise and today it is confirmed by going down to 10860 and made a low of 10705 after it went upto 11125 from 10300 levels.The Nifty is also gone down to the 5400 mark and now nifty has support at 5366 level.The infosys is weak due to the global cue's. icici bank is also in sell mode.

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The monday banknifty may open in mild gap up and try to sustain or trade in side ways.If the sbi shows weakness the BN may fall further down to 10665 levels.Why banknifty went to this high and fall down after F&O closing is clear all our doubts now...that the FII's speculation game done in the option segments.If they would have gone long in future this fall would have not possible.

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What are the cause for the continious uptrend of Banknifty?

Banknifty future is consistently moving and cross over high after high's and today its gone to 10810 life time high.The banknifty started claimping up from july 2nd onwards and about 7 weeks it gone to 10800 level from 9200 level.> about 1600 points up in 7weeks is really amazing and shook many traders really in its upward journey.

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We wrote in our yesterday post if Sbi,icici &Reliance shows weakness the banknifty may come down...But,inspite of these scripts fell down ( Reliance was in years low today) the banknifty is sustained above 10740 level and during the end it went up to 10810 level.

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The nifty was weak and unable to sustain above the 5440 level and closed down to 200 SMA.Now nifty has strong support at 5354 level. About 2 months the nifty was unable to move up beyond 5500 levels and on the other hand the banknifty reached to the life time high what are the cause's for this up move? The banks are showing great strength based on a very good results.Our national banks are firm when we compare with the global banks.In 2007 & 08 how the reality zoomed, now the banks are doing the same.The modernaization of our banks are attractive and proved to be an effective cost cutting that add additional margins to our banks.The Axis bank and Sbi are the few examples for this.

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Today we made about 80 points profits in intraday trading. we bought in the opening near the day's low i.e 10700 level and sold it near 50 and made few swing trade between 10735 to 790 and made a net of 80 points gain.We also advise not to go fresh positional long at this level and do all your intraday trade with strict SL. The banknifty is now said to be the benchmark of our indian market and hold our market from falling. when the other markets fell in the recent past our market did'nt react is based on this banks strength.

What we can expect on 18.08.2010?

The banknifty closed today very strong and the nifty was closed weak.The banknifty was in sideways for the last 3 days and it is taking support in the 400ema trend line,as long as it sustain above to it will be strong and it may now claim up another 100-200 points is not a big deal.The Euro zone as of now up (while writing this post). The FTSE is in 0.90%up..we need to see the 'US' markets tonight if all these global cue's are up our market may open gap up tomorrow.If banknifty open down to 10760 avoid long.The banknifty now in over bought zone.

"Implode to Explode"

A leasson we can learn form today banknifty price actions.The Term is called 'Implode to Explode".

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If, you would have observed the price movement between 9928 to 9952 the price was in swing from ups and downs.The banknifty is locked itself yesterday during closing down to the 400 EMA.Now, it is aiming to break/cross over this hurdle for which it tried its level best to gather strength - and came down and went up .still, unable to go beyond this roof(Resistance).

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The fall is called implode & the breakout is called explode. If, i translate this, into a simple term> "The Bow & Arrow principle" (or)

if you have seen the Cat or Tiger(before it jump to catch somthing) - it squezzes and move backwards its whole body and legs (back legs) and have a firm foot on the ground and take a jump up forward.This is also can be called 'Implode to Explode'.....to face this now we are ready for any direction.

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As we are ready and in short mode(placed SL- Double buy) the market Imploded to 9875 and covered our shorts.The banknifty failed to explode.

BANK NIFTY FUTURE POSITIONAL SELL

We were somehow not comfortable holding our longs from the last week tuesday onwards and we attempt to sell on every rise...and able to manage to get our intaday milage as usual but some how avoided the positional longs....Last week around 9660 we started giving positional sell and next day we used to cover...Because,everyday the market was showing strength and fooled us technically as if, it was preparing for an rally...It was a phony one...Today it is proved.

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We were holding our positional short from yesterday and today we covered our shorts in the opening and and again we sold and placed buy at 9336.00 and banknifty touched 9355 and bounced up to 425 level...we sold again and again and covered in intraday trade... and really minted great money for all our clients.(Also gave free tips for many orkut friends)

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We are still holding our positional shorts and expecting the banknifty to fall down further near 9210 level on the coming sessions.

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Tomorrow we expect the indian market will open in gap down(Deep Cap down!!) and the nifty may trade near 5180 and bank nifty will be around 9300 range...

friends,Kindly prepare or preplan to book profits/reverse your position accordingly.