' More Volatality ' is on card in Banknifty future

Today we have noticed the market was similar to yesterday and the only difference was the runaway high made yesterday was 12787(all time high now) and that was not achived.The day high was 12748 and today made a better low than yesterday i.e 12630.The cross over from 690 to 730 jump happened in mid-session and failed to break away yesterday's high.The better low shown today, but not the better high...The banknifty had a great swings in intraday between 677 to 71o we made nearly 12 attempts and gained about 200 points in intraday.The stop loss we kept very narrow less then 10 points and surprisingly most of the time it was not hit.The pre-market view we have send our day prediction and our expected high was 12748 and low was 12633...Amazingly the market done the same and bound to the technicals very much today.

The tomorrow market also willing to show so much of volatality in intraday.One can use the swings for day trading. The banknifty may weak down to 12430 level now or it sustain and move sideways with so much of swings between 20 to 30 points.One can adapt short and longs for 20 points gain with less risk.

The Nifty 6200 mark attracted so much of selling or may be profit booking and a fall down to 6140 will bring more sellings.The short-term view of our market is really bullish and may cross over the life time nifty high(6346).i also wish you to avoid fresh longs or do it with proper plan.

Many scrips are in its year high and the banking stocks are breaking away all barriers all these days.But last few days a kind of shallow move was seen.Today the ADAG group shares moved up greately.

The Banknifty Has come longway right from 9200 to 12700 level.Almost a non-stop rally that firm footed and keen in reaching it upward destination beyond 13000.Today from the Market opened in gap up and lot of runaway gaps seen in nifty and banknifty and banknifty achived a day high of 12787 and made a steep fall down to 700 level.

Today we made 150 points in banknifty intraday swing trade between 12680 to 12740.We made many attempts for 30 points and the market was in full support as the volatality was good today.

The Ew 3rd wave correction is due, but as of now the market indicates - 'nothing' of such correction signals...the runaway rally is on and we may take this as an attempt to reach peaks, just before the exhaustation / decline state. I wish the trader to be more cautious and make out all trades in intraday with strict stop loss.

We made our day fruitful today.

Hi All,

We made our day 'FRUITFULL' -in banknifty intraday.

The first 16 mins after market opening we made 130 points profit in banknifty.it is a kind of record and that boosted our confidence. Many of our clients trades in 20 to 50 lots have seen huge money today. The net gain we made in intraday banknifty was 215 points..We just amazed by our own performance.Just Imagin> 200points X 100 nos=Rs.20,000/-. Many of our HNI clients made about 2-lakhs ruppes in intraday trading.

How We Made This Possible?

We have been intensively looking into each and every technicals about a decade and developed our own software tools that is very appropriate to our indian market analysis. Based on this, we have spend yesterday whole day as we found some unique signals in our tool and intimated all our clients yesterday evening not to go intraday long in Banknifty or nifty and today 8.30 am we also alerted all our clients about the mild correction that is going to take place today.

In the market opening , we waited for the sell and sold exactly in the day high at 12340(day high was 341) and covered it in 270 and we double bought it in 277 and sold it in 296(double sold) and placed a buy at 12166 and sit tight for few hours and our target was achived.We have not left a single opportunity...we sold again in 195 and bought the same 2 mins before the market closing at 148. All our clients were really thrilled..we too surprised by the technical that worked very well today...The market was not bound to technicals all these days due to the excessive bull power...and today it worked perfectly well.Now the bulls are seem to exhaust itself or rest for a while!!...

What we can expect now?

We have predicted our market is going to correct. The correction may be mild and tomorrow is going to witness an important day of reversal.The bull may give up the powers to the bears.The banknifty may slip down to 11800 level and nifty may fall another 100 points down from the CMP.

The correction may not continue further down to 11800 the banknifty may bounce up again as the banks are still attractive and not willing to give up its status quo.

We have been alerting all our readers to book profit in holdings and keep cash reserve.Now avoid fresh longs in any scrips.Do all your intraday trade with strict stoploss.