Banknifty view for monday

The banknifty today shown considerable weakness and the nifty shown a visible weakness today after it punched from 5700 to 6000 level.The nifty was too strong all these 2 weeks time and today it broke the 5855 and gone down to the days low of 5833 level.

The Banknifty made a low of 11665 from the days high of 11889.We mentioned in our earlier post when nifty was near 5380 it may touch 6000 and bn may go near 12000 level.The nifty done it but BN is failed to cross 11930 level.That too last 3 days it try to go up beyond 900 but failed in its attempt.Now banknifty is preparing a down move towards 11540 breaking this minor support breaking down may slide to 11330 level.The bull now have hope only beyond 11933 level and can consider long or below 11730 go short.

Today we made good trade and gained about 100 points in 4 trades.The Bn in sideways move almost a week that made us to gain all these week days a great gain about 400 points in intraday itself.

We Will update on sunday night the rest view after seeing the global trend.

Banknifty view on 8.04.2011

The banknifty today touched a days low of 11695 and bounced up tp 870 level it seems it is a kind of consolidation to move up again to the 12000 level.Below 680 it may move down.Today we made Net gain in banknifty intraday=+38 +33+48 points.

Now the nifty and Bn may try to bounce new highs if nifty stay tomorrow above 5940 and closing above this level may take nifty to 6180 level.Bn to 12120 level.If nifty close below 5870 it may slide down to 5740 level and again may sustain side ways.banknifty fall below 720 is weak and below 680 we can confirm weakness to sell and it may take support in 11540 level.Now the trend is sideways so we can not say anything firmly.

Banknifty View for 7.4.2011

Today the day was good for all our clients as we made fair trade and gained much.The Net gain we made in banknifty intraday= 29+27 -17 + 30+32 points(intraday positional+91 points).There are few clients who made nearly 200 points as they trade both intraday+positional calls.Assume if one trade 100 in Bn they would have made 100X200=Rs20,000/-.That is what the banknifty give return for your risk.The risk is your sl.As we used give minimum calls with minimum sl and try to gain more from market.

We wrote in our yesterday post the banknifty was failed to trade firmly in 11920 level.Today it was not able to cross even the 900 level.it touched day high of 11897.95 and touched a days low of 11733.80.most of the time it trade near 11800 and lastly closed near 11760.The nifty also seen selling today as it slides down from day high 5933 to 880 level and did'nt stay long in above 5940 level.

The intresting part of the market is many value based stocks are moving up in the last few weeks.our own many seed tips scrip have gone beyond 50% in 2 weeks time.

The Banknifty now may turn a positional sell if open tomorrow below 11800 level and we do hope the tomorrow market the gap down opening will be there.The nifty one can go short below 5920 with sl at 942.BN can slide down to 11600 level.trade wisely and keep SL and trade.