Banknifty Pre-Market View

In our view the Nifty may sustain side ways as many wise people done so much hedgeing.if tomorrow move above 6030 level then the bulls take full control overl all index's.The banknifty may find down support at 11330 and trade up to 560 level.Above 11660 it will be strong up move upto 11720 level.

>>The above one we wrote yesterday about todays market..just check the banknifty made a high of 569 and fell down to 440 level.The day was very narrow and snail move...very much sideways and choppy.We could make a net gain of 70 points today as we made a very conservative trades.

In our view the Banknifty&Nifty may fall from the current levels slightly.The banknifty may find support at 11260 level and Nifty may come close to 5927 level and may trade in sideways.

The Inflation and the rise of Fuel & Essential commodities prices are worriying facts Now.The RBI governor himself is concerned that the inflation is not within control as the food grains & veg prices are shoot up contininually.

Banknifty&Nifty View for 23.12.2010

[ The Nifty touched the days high of 6019 and in 1 point it missed and lastly traded in 6014.90.It would have crossed this level today but failed in it,this may showing as tomorrow the nifty may weak or gap down opening. As the headging players are huge the Nifty faces hurdles on both sides.The market now in a kind of Transition Phase from bears to bulls.

Banknifty Now in its bulls run and may go near 11700 level if sustained well near 11680 about 1 hour or more it may move up to 11800 level.]

This above, we wrote in our yesterdays post about market today...today performance became almost close to our views.

The banknifty opened today near 11600 level we bought and placed sell at 679 and when it struck in 650 level we booked profit in 648..but it went to the days high of 11679.80.There on it fell slowly down to 11600 level where we sold and bought in 517..made 4 trades and 1-sl got triggered.overall we made around 70 points gain.

Today the market moved like a SNAIL as this caused the tuzzule between Bulls Vs Bears.The nifty came down to 5970 level and banknifty down to 450 level.

In our view the Nifty may sustain side ways as many wise people done so much hedgeing.if tomorrow move above 6030 level then the bulls take full control overl all index's.The banknifty may find down support at 11330 and trade up to 560 level.Above 11660 it will be strong up move upto 11720 level.

Banknifty View for 22.12.10

In our view the banknifty may open in gap up and try to rush up to hit the 11480 level..

This is what we wrote in yesterday's post about today market.That became true.That was happened today from the opening 11329 level it rose to 11480 in no time and sustained a while again good consolidation seen then took up to 11600 levels.

Today we missed a golden chance as we took long in the opening itslef and booked profits so soon...but the market touched the high of 11613 level and lastly traded in 11574.Our attempts of short in 570 level gave us little gain twice but at last we went short and covered it at marginal loss.We told it find difficult the cross 11480 level, but today banknifty shoot up as the nifty was witnessed huge buying.

In our view the Nifty will be very bullish beyond 6020 level..The Nifty touched the days high of 6019 and in 1 point it missed and lastly traded in 6014.90.It would have crossed this level today but failed in it,this may showing as tomorrow the nifty may weak or gap down opening. As the headging players are huge the Nifty faces hurdles on both sides.The market now in a kind of Transition Phase from bears to bulls.

Banknifty Now in its bulls run and may go near 11700 level if sustained well near 11680 about 1 hour or more it may move up to 11800 level.