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.

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.