Update..

Dear clients,

Thanks for the cooperation..we were struck with banknifty shorts and the market didn't give us chance to covers due to gap ups and range bound and every peak we sold and raised avg..the notional loss+tension we carried was to high...but at last our patience paid rewards..today we are covered all shorts with profits.Thanks once again for blindly following me and my tips..Many great TA's also booked loss..but we won.Its a long unexpected battle about a month..The market is such that test all our patience..But the technical analysis which i follow lead us to gain..

Wish you all happy hunting...

We have also recommended buy Nifty 5100-put option at 30 and today we sold the same at Rs.67.More than double in 2 weeks time.Many our clients bought 1000's.

todaybefor market opening we asked our clients to place buy at 9333 when market opened and traded near 9600...but we waited..and our target was archived.

We will update from now on regularly...

Banknifty view for 6.7.2011

The Banknifty opened in gap up and went down to the days low of 11350 and again in the afternoon session it broke of the earlier days high and touched a days high of 11436 level.Were as the nifty was struck in a range bound between 5642- 670 and the day high was 690 that was done in the opening and unable to go up beyond 5670 level as the selling begun.

The Nifty can be bullish above the 200DMA around 5747 level.Now it is weak below the Fridays low 5616 level.The Bank nifty now weak below 11350 and it can fall down to 10900 level once broken down this support.The Bn left a gap from friday closing 11295 - todays low 350.There are also so many running gaps left unfilled.The next immdiate resistance for bn is in 1476 level.(200 DMA.

So, I would change my views only if the nifty & Bn closes above the 200 Dma till then the Nifty and Bn Crawls in sideways and any worst news come it can fall down anytime.Now the choppy market it is not good for day traders.

Banknifty view for 18.05.2011

The Banknifty beat all our expectation.The Banknifty opened today in 10880 level and gone to the high of 10938 and during the mid-session it showed weakness and done a unexpected twist.The 10800 level was well held several time but at last once it broken it slided down to a drastic fall.During the 2.30 session panic selling was seen and that pulled down Banknifty to the days low 10587 and at end it recoved about 100 points and closed at last near 10654.The day atp seems at 10737.

We made good gain in the opening and also sold near day high aand covered at 860 level.When it was trading near 850 we gone long and kept sl double sell at 821 that was triggered and our buy target at 742 was achived.Though we have saved our clients well we were recived so many people messages that they made loss and need our help to recover..We helped many to the extent possible by way of averging at every low and exited in 20-30 points and finally freed many out of loss.As a experienced trader+TA we have seen the Banknifty moves and knew how to mange and succed in trading.One need great skill and patiance to trade in Banknifty.It moves like a Bullet.You have to act fast and keep yourself free from all other activities while trading in banknifty.

We have reversed our long to positional sell now Bn will be strong only above 10855 level.Below it do not remain long as Nifty also trading near its critical support.If nifty break down 5393 level a free fall may happen in market.The Govt. is expecting the double digit inflation as the fuel price hike impacts.

Do not trade without sl.Always safe guard your capital with SL.

Banknifty View for 3.05.2011

Last few days due to my outstation trip i was not able to update the blog.Kindly ignore and extend your usuall co-operation.

The Banknifty is weak day by day from the last week high around 11900 to 11229 level.We sold the banknifty in 11810 last week and covered today at 11300 level and gained about 500 points in a weeks time.The last few days the Nifty and BN consistently falling and stand still in every level and trading sideways without any gap.Today we have not seen much psoitional short covering in Banknifty and Nifty so we expect the Nifty future may go down to 5700 level and may take support in 5640 level and can bounce back.The Banknifty today touched a days low of 11229.If tomorrow breakdown todays low it slide down to 11110 level.

The banknifty today opening shown a punch of 11588.80 but not seen trading in that level.It was only traded in 11350 level.it was unable to cross the 11380 level.The opening was remained as days high.The Bulls now have hope only above 11620 level.Below it do not remain in long.

Banknifty View for 6.4.2011

The banknifty today was different and very eratic in its up and down moves.It gave so many chances for traders and also was not easy to predict the trend as it was a kind of twist almost from the opening to the closing.

We saw the Bn open in 11925 and gone long in opening around 910 but instantly we saw it was sliding and we double sold in 915 level and bought the same i 872 level.There it show strength and we gone long wit sl at 842 and certainly it fell down very fast and hit the sl.We acted very fast and gone fresh short in 840 and gave a target buy at 747 and during 790 we asked our clients to cover 50% short balance at target.The target was done and bn gone to the days low of 11728 level.From 840 to 747 is what we gained inspite of sl hits we made gain and we told our clients to stay away and stopped tips after wards.Also warned when it was trading 735 level do not go short dead cat bounce may be there.The same happened the BN too up to the 880 level at the end.

In our View the Banknifty was unable to stay firm even 5 mins in 11920 level.So any firm stay above this level can take it to 12030 level.It is weak below 812 level and very much weak below 602 level.If fall down to 780 do not remain in long.Trade with SL that save your capital.

Banknifty View for 8.03.2011

We went positional shot in Banknifty in 11110 and today we covered in 10660 level(440+points gain) and again sold partially the same when in bounced up near 10870 level and expecting to cover our shot in lower level.

Today the Banknifty opened in gap down as we stated in our friday's post it will fall below 770 and may go down to 10330.The opening today in 10850 and there on almost whole day it traded down to it.The Nifty opening of 5500 is also the day high and the market unable to go beyond this level.The Bn touched a days low of 10649 and Nifty 5400.25 respectively.

Today we made 170 points in intraday it self in 3 attmets 92+32+44 without any sl hits.The day was very pleasant and effortlesssly we made this above gain.

Tomorrow we are expecting the market may remain choppy and try to bounce up near 10900 level.By chance due to the -sentiment/political senario at present the BN move down to 10540 will lead it to 10000 level once again.The nifty is now in a sell mode on every rise.

Banknifty View for 4-3-2011

The Banknifty today opened in gap down from its previuos closing from 10916 to 10849 and the opening low punched was 10791.It was traded in 870 level and came down to 800 level and in the after noon it jumped to 11120 in no time by its high jump gap and it was not traded well in 11040 plus level and fell sharply down after a while and touced a days low of 10782.65.The 777 level was today we predicted a critical support as per our parameter and it took sup 4 points above it and zoomed again to 11020 level and fell down again to 10820 level.WE sold 4 times and Net gain In Banknifty Intraday was > 62+43+47-18= 134 points.When we sold in 11010 level and gave a target of 10823 and it was achived but only few could enjoy this fruit and other conservative traders we asked them to cover in 10960 level.

The Nifty was today well held by the banks as it opened in 5506 and went up t the days high of 5597 and fell down to a days low of 5477 and during closing it went up to 540 level.

The banknifty was moved up from monday and made a gaps in 10443 to 560 level and in between there are few gaps still unfilled and a move down to 10777 level will drag it down well below 10330 level.We wish not to take fresk long unless nifty cross the 5640+ level.The Gulf region the crisis may become seviour and that make the crude oil to jump up and the US economy may be imapact soon or latter.It is a right time to off load the stocks in US market as it trades near the year high.If nifty can move above 5720 this time a bright chances remain open our market may go new high and also need to remember if fall below 5320 the correction will occur.

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The Global outlook is still looking shallow and the dollar fall make a mess within the month of June-2011.Dont go long in dollar.

Where the Market is heading to?

The Indian market is today gave a shock and took away the hope of bulls!!.The Nifty touched a days high of 5430 and gone down to days low 5251 level and selling.Banknifty touched 10648 and gone to low of 10216 level.The sensex gave up about 600 points.

Budget may support the market!

Chairman of the Standing Committee on Finance Yashwant Sinha suggested raising the income tax exemption limit to Rs. 2 lakh in the budget, to provide relief to the common man, suffering the impact of high inflation.

Presently, income up to Rs1.6 lakh per annum is exempt from tax for individuals. For women and senior citizens, the limit is Rs. 1.9 lakh and Rs. 2.4 lakh, respectively. However, under the DTC Bill, which was introduced in Parliament last year, the I-T exemption limit is proposed at Rs. 2 lakh. This kind of positive news flow could keep the market in tight range, but any negative news flow may take the market to lower levels.

we wrote in our yesterdays post we sold in 11270 and covered the positional shot yesterday partially as we gained 800+points in a weeks time and today we booked(covered all shots) and gained about 1000+ points in 8days time.

The intraday itself we made about 130 points gain doing very conservative trades.In our earlier post we wrote the banknifty will fall down to 10000 level.Now after seeing the sell off/off loading Nifty and many front line stocks we are expecting a mild bounce up in banknifty upto 10430 level and again it may slides down to 9970 level.The Nifty head and shoulders formation was waived today..just negate and focus trades now in intraday with SL.We also advise you to be catious now in all of your holdings in the Nifty fifty stocks.

Banknifty View for 9.02.2011

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.This is what we wrote in our yesterday post about today market pre-view.The banknifty done exactly the same as it opened in gap up about 50 points from its yesterdays closing 10375 to 10425 level.The day high was 10430 and low was 10127.It was not having strength to cross 10440 level as we mentioned.

Today we made a good gain in banknifty...when we sold in 267 level we were sure of 100 points free fall and gave a buy at 10166 after selling and many conservative traders, we made to cover when we saw 50 points gain and few of our old clients were waiting for the target and covered in 166 and made about 220+ points profit in intraday.We infact sold near the days high around 415 and also covered near days low...we made many swing trades.We also covered our Positional banknifty shots partially to near the days low 10130-40 level.

Now the yesterday view is still remain the same.the banknifty showing much weakness in the last fewdays...as the components of banknifty out of 12 banks the 10 banks were weakening day after day.Today the SBI&PNP was showing green at last the PNP gave it up after retaining its status quo for a long while...May be some huge basket selling happend in this counter.Considering this weakness the Nifty may slide down further as it broken down the major supports 5340 today and made a low of 50303..But the last traded price was 5394 seems it is again having little hope to claim up!!!.Let us not remain long in this state at the same time not advising fresh shot at this low level.Watch out carefully This weak may witness a twist in our market.The Banknifty now has strong support at 10110/9970 level.

Banknifty View for 11.01.2011

The monday the market players will be in better judgement(as 2 days holidays) of the future direction and what we forsee is a panic selling may be there in the opening that may lead banknifty to 10700 levels....This we wrote in friday after market closing- about todays market pre-view.

The Today market done the same. From the opening itself it attracts so much sellings and lot of running-down gaps seen in todays market.The Banknifty today opened in 11100 and touched a day's high in the middle of the session 11138 and there on start falling in one direction and made a day's low of 11664.About 474 points difference from low to high.

We sold in the opening and made good gain overall in intraday with a conservative trades.We have done 4 trades and 1 sl was hit about 20 points other 3 trades we made a net gain of 146 points.We actually told our clients to sell near 10800 and gave a tentative target of 10690 level. but once , seen 50 points+ profit we booked profit and was sitting tight for a longer time to retain the profit we made.

The Banknifty today brokedown the '200DMA'.The inflation factor and the FII's selling and the expection of intrest rate rise all slow down the banks growth and more selling was seen.

The Nifty made a days low of 5746.00 from its high 5924.70 level.Technically we feel the nifty may find support in 5700 level and prepare itself for a pull back rally.The banknifty may take support now in 10280 level and bounces up to 10800+ level.We need to observe another few sessions to confirm this.Till that time, do your intraday trading with proper SL.

Banknifty&Nifty View for 23.12.2010

[ The Nifty touched the days high of 6019 and in 1 point it missed and lastly traded in 6014.90.It would have crossed this level today but failed in it,this may showing as tomorrow the nifty may weak or gap down opening. As the headging players are huge the Nifty faces hurdles on both sides.The market now in a kind of Transition Phase from bears to bulls.

Banknifty Now in its bulls run and may go near 11700 level if sustained well near 11680 about 1 hour or more it may move up to 11800 level.]

This above, we wrote in our yesterdays post about market today...today performance became almost close to our views.

The banknifty opened today near 11600 level we bought and placed sell at 679 and when it struck in 650 level we booked profit in 648..but it went to the days high of 11679.80.There on it fell slowly down to 11600 level where we sold and bought in 517..made 4 trades and 1-sl got triggered.overall we made around 70 points gain.

Today the market moved like a SNAIL as this caused the tuzzule between Bulls Vs Bears.The nifty came down to 5970 level and banknifty down to 450 level.

In our view the Nifty may sustain side ways as many wise people done so much hedgeing.if tomorrow move above 6030 level then the bulls take full control overl all index's.The banknifty may find down support at 11330 and trade up to 560 level.Above 11660 it will be strong up move upto 11720 level.

Will Banknifty gos further high!!!

We Expected a 'flat opening today ' and it did so.. but, our prediction went wrong as we expected a sideways trend.Markets beats every one. The banknifty and nifty shown a 'Up Trend' throught the day no sign of falling down /swings it move up and up consistently.The banknifty opened in 12000 and touched a day high of 12395.During the opening it came down to 11990 and that was todays low.The last trade was in 12358 a strong closing that stir the mind of bears...The last few days right from 11400 level we were cautioning the banknifty will touch 12200 in few sessions but it exceeds our expectation almost touched 12400 level nearly 1000 points from 11400 level.Many traders were in short expecting a deeper correction in market and negates advise to - many go short.We have been cautioning not to do so...hoping that saved many people money.

The nifty crossed the 5940 level now going beyond 6020 will attract fresh buying..So do not remain in shorts in nifty if , sustain above 5940 levels tomorrow. The banknifty now will find hurdle in 12450 level a cross over this lead to 12700 level if not move fast above this 12450 level it may fall down to 12240 level. Now not the time to go fresh long restrict all your trade in intraday that will be better.

Many stocks today 'upper freezed' due to the possitive note of GDP growth and the food inflation.That too realty stocks zoomed like core projects(touched 270 level),vijayashanti and many such scrips...inspite of the recent housing loan scams!!!.The SBi and Allahabad banks and others seems pull back.The ioc shown good recovery due to the fpo..Will this upmove will continue further!! if so, how long!All these anlysis is nothing but waste of time the less you apply your logic mind the more you will understand about the real market and its pulse to sail smooth.

Banknifty Closed weak...

Today the market opened bit strong and firm and traded well.The market nifty and banknifty floated till after noon.The nifty broke yesterday high 5968 and lot of buying were seen.The banknifty touched a day high of 12328 and the day low made was 11740 level,From day low to day high was about 530 points.During closing the recovery made to close near 12850 level.

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The Lic Housing Finance Ltd was down nearly -20%..It traded near 1320 and free fall happened due to some scandal in its housing loans,soon after the news recived it acted fast and fell from 1300 to 1050 level in no time.The Bihar political results is in full favour of the opposition BJP alliances the congress won only 6 seats.The bihar oppsition is in full charge.This is yet again one more chellange to the present rulling Govt, as its facing problems one after another like common wealth scam,adarsh housing society scam,2G-spectrum....etc. This made a mess in market!! The market now in the corrective mode.Today many bad news made together created a panic situation among traders/market players and they start selling all finace sect stocks..The Sbi also fell down about 100 points this imapact seen in Banknifty and about300 points it fell down from 12200 level to11780 level a sharp fall occured.

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Last 3 days the banknifty shown good recovery and today too it traded well above 12280 level but during the end the moving avg fell down sharply..this put the banknifty in -ive side ,the more weakness will be there if tomorrow it trade below 11760 level.

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The nifty may take support in 5750 level and bounce up to 5800/900 levels.The 5750 breakdown may lead deeper correction uptp 5560 level.Tomorrow F&O closing so the roll over of position tend to make market swings up and down more then usual.

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I Have recived, This below one in my chat messages...

Would like to share the same with all my readers, as it awaken all of us!!!

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'First- CWG-Scam'

'Second- Adrash Scam'

'Third -2G Scam'

Now -LIC Housing Loan Scam...

If.....Roughly

We,Calculate...these Scams...Costs--Indian Public....More Than....3 Lacs Crore....!!!!!This is Ours Money..Apart for this the Indian Money Deposit in Swiss Banks

Top $700 Billion Mark

That's Means....If these Money , come back in India....

We Don't Need to Pay Any Taxes for the Next 20 Years

We'll be Free from STT,VAT,Income Tax,Direct Tax,Indirect Tax ,

Education Cess , Service Tax.and All Other Taxes..!!!

The Opening we sold banknifty in 12560 level and before we place SL the market fell sharply to 495 and we covered it with 60 points profits.We made four attempts in intraday trade and made 53 points as an average in each and net profit we made in intraday today is about 200 points +..(qty-100X200=Rs.20,000/- made by all clients)

In the afternoon near market closing we kep our self's aloof and just witnessed market bounce up to 12740 levels.The sbi were very aggressively gone up in minutes and that impact shown instantly in banknifty future.The banknifty and nifty closed firm and strong as i told in my last post it will again bounce upto 12900 level and take firm move from there ..The Direction may be only can predictable during that time.

The tomorrow the banknifty may open gap down and sustains side ways as now it locked up in a range and many banking stocks touched the pinnacle so the possibilities of further upside is limited.

The Range Bound Trading Will not sustain now...

The banknifty struck in the 'Range Bound Trading' in last few days and i expect it Will not sustain this range now on the coming days...The banknifty opened today in 12500 level and there on shown weakness and fell down to 12400 level >now the 12380 range seems to be a hurdle for break down a opening below this level bring fresh selling and can slide down to 12200 level. Tomorrow a gap up opening above 12545 level only add strength or it slides down and go out of this range bound on the coming sessions.As i wrote in my y.day post avoid long..

Today we sold in 12495 and bought it in 12430 level and done only 2 trades with profit..The day was very much snail moves within a narrow range of 12380-500.not able to much trade.

Banknifty Relief Rally?

The banknifty today opened mild gap up and shown instant weakness fell from 12380 level to 12232 that was the day low and from there are it traded few hours in side ways and slowly gained strength and gone up and touched the day high 12580 level which is unexpected 'U' turn.The nifty yesterday closed very week gone down to 6000 mark and today it crossed 6140 level.Now i expect a gap down opening tomorrow.Today due to the hike up price of sbi about 80 points made banknifty very strong and many companies result was seems good and taht lifted nifty up side...The market is again going to slide down on the coming days.Let us wait and watch.

The Market Is Begun For a BIG FALL?

In our yesterdays post we wrote about the market that was claimped up during closing and that is going to futile today.That was happened.Today the market opened strong near 12484 and fell deep down to 12360 level. Then it slowly sustained and gained strength and gone to 12500 levels there it shoot up and run up gaps seen till 12620 level . We observerd the market was like - 'the horse eye's which is tied and reached it destiney without seeing anything on the way...A I wrotsimilar way the banknifty touched 12620 and slowely came down to 580 from there it went down. The market fall was in such a speed and broken the earlier days low and went deep down to 12260 level.i wrote 2 weeks back when the market was in 12800 level about this level.

As usual we made great gain at every level buy/sell and we exactly bought at 12504 and some how seen the market fundamentals was weak and exited there..but it went to 12620 level...we were waiting for a sell and sold in 12588 and there on we started accumulating profits in free fall where we were holding short..we always allign ourselfs along with the market and that is been our secret of success and that paid great reward.We knew how to turn the situation into our favour.

Now what we do expect?

The market > Nifty and Banknifty now in a positional sell. The today market and yesterday market witnessed so much of selling and we do expect further selling in nifty and a breakdown of 5992 may be a critical level for a correction of about 700 points minimum. So be cautious of your longs.Book profit in your scrip and keep cash reserve.

Pseudo Rally Failed?

Yesterday the banknifty shoot up from 12500 to 12850 level and the 650+ level we have seen a 'runing gap ups' and during closing the 'exhaustion gap up's seen.The Nifty and Banknifty futures were traded in high premimum when we compare with the spot.The gap's were very wide for banknifty about 100-points wide which we understood the weakness

(The Ground Reality is seen) and pseudo rally . We are very much sure all these gaps will be narrowed and the left over gaps must be filled today.That was proved today all gaps were filled.

Today we went short in the opening in 12880 and covered the same at 12828.When it broke the 800 level we sold again as we expected the ' island of reversal ' and as per our expectation it happened and the market fell from 12800 level to 12560 level.We almost attempt every level sell and cover and out of 7 trades 2 SL were hit. Over all we made good gain.We sold near the day high but covered short so soon as the market many times witnessed false breakdowns.if we would have kept our short from 12880 level to 12600 level we would have made 280 points in one stroke..but considering safety coverd soon.

Now what we can expect Tomorrow?

The 12600 -700 level seems to be a kind of consolidation and side ways zone.The banknifty falling down to 12500 level now brings fresh selling and the bear may over power...till then it is going to be a real tug-of-war between bulls Vs bears.Today the banknifty high was 12888 whis is all time high and nifty made day high 6317 and the all time high was at 6346 and the break out of this level failed and a steep fall of nifty is an indication of a minor correction may possible.I feel the relief rally in banknifty is a failure one.

The Banknifty May Fall Down!

The Friday the banknifty witnessed weakness and it was closed around 12530 level and today it opened in gap up.'Inspite of this gap up opening the banknifty was unable to move beyond 12630 level'. The day high was 627 and day low was 510 ...the whole day it was caged in this tight zone and in the afternoon session a steep recovery was seen from 12520 level to 580 but it was unable to sustain in this level or unable to cross the 12600 levels.That shows a weakness sign..As per my observation there is not much fresh buying seen as expected...when the market open in gap up about 100 points...when usually this happen the short covering panic buying or fresh buying would have come and that woud have took up the market further high's...and today it was not so?. So can we take this as one of the factors for weakness

We initiated a short in the opening around day high in 12623 and placed buy at 12567 and waited and covered...As the market was in narrow zone we made 4 attempts and 1 sl was hit.Over all it was a pleasant trade as far as the profit is concerned.

Now What we can Expect Tomorrow?

i expect the next 2 session the market may show choppines or side ways trend..and there on, we can study further or forsee the trend. The Banknifty is now weak below 12380 and attract fresh selling...if , This happen, a free fall is expected. The Nifty now strong above 6208 and weak below 6118 and a free fall may happen down 6082 level.

Trade for profit- Do not apply your mind/Ego in trading...When you start fullfilling your ego in prediction, you may fail in making profits.Do not allow your ego to curtail your profits. just follow market pulse and your trading plan with strict stoploss.

Intraday Banknifty Futire Update at 1.30pm

Friends,

Yesterday i was busy and unable to up date the post.We have made about 200 points in intraday.This week is very good for us as the banknifty was adapting all our technical predictions and we made a good gain.Today opening we sold at 12600 and covered at 554 and again sold near 604 and covered at 512....This week alone we made about 513 points gain in banknifty which is great to achive only in intraday.I too aware many visitors of this site may not belief.The reasons are > The people who is in the market is already filled with many stories and will not hear what we say...The people who is new may not understand what we are talking about.

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The banknifty now trades in 12500 level a breakdown below 12454 will bring fresh selling...i am expecting a red closing today.The nifty fall down to 6084 is blood bath...be cautious in your trade and keep the trigger price wide in your sl-for longs...there may be a jump down running gaps.

Update After Market Closing/Post Market View

Again we made 3 attmpts and suceded in 2 and one sl hit about 16 points..We sold in 12623 level and placed buy at 512 and a steep fall the buy order that was well placed before was bought and made 111 points gain in one stroke in the after noon session.Again we sold at 12520 and covered at 466 and 3rd attempt sold in 526 and place sl at 536 that was triggered...Over all the net profit we made in intraday was 209 points today.

What we can expect on monday market?

The Nifty during closing recovered and closed in not so strong nor weak..So the monday market it will open in mild gap down and sustain in 6150 level.A fall down to 6084 may attract fresh selling and as per the pulse that time according to global cues panic selling may come...if by chnce it happens nifty will face a correction that correction may continue from short term to long term.I wish the traders to ook profits mainly the A group holdings.

The banknifty fall down to 12458 will attract positional shorts..and take it down to 12180/11800 levels.