Live Market

Monday, August 16, 2010

BANKNIFTY INTRADAY


We have done excellent intraday trade today.
The banknifty now back to its usual swing after a long time.The opening we made a sell exactly at the high at 10755 and covered the same at 10684 and again sold at 10740+ level covered the same at 10686 and like wise we made 5 trades and made 175 + points profit in intraday trading.The intresting fact is we kept a SL in a technical level at 10764 and the market breached upto 10759 but our stop loss was safe and not triggered.During the 2.30 pm-we also made a sell at 710 level and bought the same at 10640 level.
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We are also giving 'Nifty trade tips" for free and today we made 60 points comfortably without sl hit.All our clients were really delighted and that made us more delightful.
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What we can expect for Tomorrow-17.08.2010?
The nifty was move down to 20 sma and also closed down to it.which is very weak and it has the next strong support level at 5360.00 if break down this a fresh correction starts and we also need to consider Reliance,Sbi& icici movements tomorrow.
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The banknifty seems to be a reversal as it faced a double top and the closing today was down to the 400 ema.As i said the SBI shows some correction will pull it down to 10440 level soon.if it trade below 10530 the weakness will be firm.Today the PNP shown great strength,was up about 2.30+%..inspite of this the banknifty was closed weak.I feel the banknifty many times breaks away all technical prediction.For example last thursday it was down to 10300 level and within 2days went to the all time peak of 10755+ levels.What i mean is a kind of gambling is on in this index future.
So play safe with proper stop loss...one wild swing may wipe out all your capital.The individul traders can not trade this without guidance or expertise.we wish you to take support from us.

Thursday, August 12, 2010

Market Today

The world market is in total mess..
But the real impact is not seen yet in our market.
As i used say, no market can de-couple itself from the the rest of the world...as it is evident the exchange to exchange trade and the "any index can be traded from any where" all this will not allow a market to move independently from the other market.The real impact also, start accumulating as a hidden water under the rock and burst out any time just like as an artician flow unto every where'.

Wednesday, August 11, 2010

The Magical Number that Play well in Banknifty


There are news or rumours around every where among the traders that> 'The banknifty will go to 11,000 levels' . The traders of this index future were really stunned and was in dilema of not to short or even affraid of longs at 10450+ levels...The banknifty intraday volatility used be beyond 100 - 300 points. but due to/including the above factors the volatality was shrunken and many days the difference between the day low to high was within 70 points.
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We have been continuously and consistently learning and discovering many hidden treasure of this index future by various means right from the volume statistics to advance chart anlysis.
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It is worth and all our clients are now sharing the rewards with us.Recently we have 'discovered the Magical figure'. Today our magical figure was in '10492' and the market down to it sell and up to it buy...In the opening bell the market shown open punch in 10451 and actually traded near 480 and we sold banknifty at 10487 and kept this magical figure as SL...The today high was 10491.00 and our magical number was not hit...Soon after we sold,we placed a buy at 10346 but at the end 3.26 pm we covered our shorts near 10375.00.We made approx 120 points in one stroke and apart from this we have also done 3-intraday swing trade where we manged to gain another 80 points.
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What a surprise in one point SL was not hit and we gained 120 points instead...The learning always pay rewards...That's what we have learned today.
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What we can expect on 12.08.2010 ?
a) The banknifty today closed very weak and the global markets are also seems to be not in favour.The infosys,Reliance,Sbi,Axis are also weak and the nifty also failed to complete the rally above 5500 and closed today near to 5400...considering all these facts the tomorrow market may open in flat to marginal up and may move down from there on. if , banknifty go's down to 10340 level huge fresh selling may come in and push it further down to 10200 level.
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b) The 'icici bank chart shows some bullish indication', and it can move beyond 1050 and SBi result is expected tomorrow. If both these scripts shows some strength tomorrow the banknifty again may go to 10420+ levels and if , able to sustain and move & close above 10460+ may add strength and take this index future further to 10550 level.
UP Date @ 11.45 pm
Hi All,
In continuation to the above.... now things are clear tomorrow our market open in gap down.The world market crashed.
FTSE - DOWN >131 point -2.44%
(DJI - Down >-2%
DJT & DJU are down more than -4%)* *Market not closed yet.


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