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.

Banknifty Now In Selling Mode...

I was insisting in all my old posts in last 6 days > wait till 2nd week end the market will come to the ground reality..Today the iip-data was below expectation and the impact shown in the market instandly. sensex fall of -400 points.The banknifty fell right from the opening about 300 points...About 10 days ago the banknifty reached 13300 level and now came down to 12500 levels...Many people called me to seek my guidance what to do with the shorts near 12300 level? or cover in 13300 level with loss of capital!!! All those people were called me are not my clients...but still i insited them to hold the short for a month...now many realieved and started covering short partially...

Now the banknifty possibley bounce again to the chennel top mean while it may go down to 12380 level and again touch 12900+ levels.

Today we have covered all our positional shorts near 12560 which was sold on Deepawali day near 13350 level .

We also done intraday and gained about 127 points.

Be Polite

"One of the greatest victories you can gain over

someone is to beat them at politeness".

Life is like a tennis match ...

If you want to winServe well, return well,

Play cool

And do remember

That the game starts with love all.