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..!!

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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.

' 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.