Banknifty View For 23.02.2011

As we stated in our yesterday post about the preview of banknifty today " it may open in gap down". The baknifty done the sameit opened today in 10925 from monday closing 11070.We gave yesterday STBT call and sold BN in 11067 and today we covered the same in 10880 level and gained 187 points profit in one over night shot.This is how we foresee things and made profit for all our clients ..If one follow us strictly it is no doubt one can win and create massive wealth soon.

Today we have done 6 tardes and gained 162 points in intraday itself apart from the STBT call.We were kept aside after 3pm to avoid the closing jerks.The banknifty today was moved up to 11000(punch) and traded well in 10950 level but there were selling instead buying...similarly when it touched the days low 10762 there were not much buying but it jumped to 840 level due to the market closing/short covering.

The Nifty gave up almost 100 points and showing weakness.The tomorrow if banknifty open below 10740 it may slide down to 10160 level and if move above 10980 and sustain above 11040 it may be strong upto 11270.Third option if open near 820-900 it will be choppy/side ways for some more sessions.

Banknifty View 22.02.2011

The Banknifty today opened in mild gap up from its fridays's closing but was jumped to 10980 level during opening and slides down sharply in no time to 10840 level.We turned the situation to our own favour and made a swing sell& buy in the opening 10 mins itself and gained 58+52 points respectively in 2 trades and in the afternoon we made another 1 attempt and made 38 points.Over all we made a gain about 140 +points today in intraday without SL-hits.

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The Banknifty showed a days low at 10784 and in the afternoon as the SBI moved up this index shoot up to 11099 about 315 points zoomed in short while.This seems no good as it is not traded well in these levels between and jumped up.These caused because of the exhaustive running gap's and that will be filled soon or latter.

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The Banknifty my friday view, i wrote if move below 10770 drastic selling will be there,but it took sup in 784 and gone up and closed well above.As the MA is still not confirming the firm direction.When i saw the Atp during closing 10922.Thats shows the Banknifty may open gap down tomorrow.But considering Nifty jump above 530 to 560 it can be more volatile upto 5640 level.I advise no fresh longs until nifty close above 5600 levels.

The Views are still same the banknifty is now weak below 780 level and may stong above 11270 level in between it sustain and can move sideways.The tomorrow market will be expected to be choppy.

Banknifty where it leads to?

The banknifty future today opned in gap up about 20 points from its previous closing and touched a days hig of 11279.70 from there on it shown great weakness and slowely fell down to 11180 level.The Nifty also was in very tight range in the opening near 5560-80 level and not much buying seen there.Instead there were lot of selling+profit booking seen and nifty also came down gradually.During the afternoon session both Nifty and banknifty felldown sharply.The BN gone down about 200 points and touched a low near 10900 fro 11279( nerly 380 points down from the days high.

Today from the opening we made conservative sell again and agin and covered in near by target and out of 6 calls, we succuceded in 5 and 1 sl hit for 10 points.The net gain we made Net gain in Banknifty Intraday>-10+30+24+34+40+38 points.There are few HNI's client of our made more than 300 points without sl-hits as per our guidance.

The Nifty Now find support in 5330 level and banknifty may find support near 10760 level down to it it may agin go near 10,000 level.If open above 11030 and sustains there may be a slight jump upto 11200 level.The Monday market we expect more eratic/selling will be there.

Our aim to make 50 points gain in banknifty intraday for all our clients and we have been doing that and many time we limit our calles when market play tricks.Today too, during closing we were kept ourselfs away from markt by sitting tight to avoid or getting/ caugt into the closing jerks.