3-Blast In Mumbai.21 people were Killed.

I am very sad and condemn the Mumbai attack..No banknifty update today.

It is very evident the so call human beings them self called Homo sapiens is a utter failure.We still live in a barbarous community where the people are dare to kill so many innocents.Life has no value.It seems it is very futile.


...I really don't know whom they are showing their anger.Is this the way to kill so many mercilessly who is no way connected? Even the animal kill other animal only for their meat.Killing other people and make the world stunned becoming a trend of the ongoing terrorists.Who can stop this..Evey one among us became deaf...we don't hear nothing..just the blast became a routine life and every now and then we hear news and forgot all about.Who is there to safe guard the innocent life??Are we ready to find out the source for these cause and going to end? or there is no end to this killings?

For every technological advancement we proclaim and raise our collars.What happen to all you surveillance/security system?

All, i understood the so called homosapiens is utterly failed. It is not the first time for Mumbai.The terrorists target city is Mumbai again and again and that too a planned attacks in 3 places in same day.We are not still ready/prepared ourselfs to stop such attacks.Our information sysytem is not upto the mark to save the innocent life's here.

All the earlier attacks and the terrorist are still not punished..the case is still going on and wasting so much of our nations money.Still we have not learned lesson and every attacks become hot news and we forget latter on..

I am really sad and condem this attack.We should make a pull stop to this.lets unite and support our nation.Who ever have information share with the intelligence agency's.Do not afraid.Unless,we as a citzen of the country need to end this atrocious attacks and grow peace here.

Banknifty View for 13.07.2011

"The Bank nifty now may slide down to 10980 level below this it can slide to the earlier start 10600 level.It can attract fresh buying above 11392 below it looks bearish only and may correct some more downwards towards 10,980 level.The US Market trading in red as of now.The market we expect open in gap down tomorrow."

This above we wrote in yesterday's post -The market preview of today..what we have foreseen same thing happened today the banknifty opened in gap down and touched the days low 10975.We stated it can fall down to 10980 level.How is it?

The banknifty jumped up after the news of IIP flashed in media.It went to the days high of 11170 and filled the opening gaps and fell back again down and broken the earlier days low 10995 to 975 level.Today to we made to attempts in Bn and made good gain in intra day.The Nifty we have positional short (made near the high 5750 level) and still holding positional short in both these index's

The Nifty below 5555 its very weak,so this support once broken the nifty fell down to the days low of 5502.The nifty failed to sustain above 5605 level and tomorrow it may move sideways again and may consolidate few more days.Below 5427 level major fall can occur.

When the market touched 5760 all Technical Analyst predicted the market will go to 5900+ level.We are the Only people who wrote,.... 'We skipped longs as we are not comfortable in remaining in long as the market looks to us it will fall.'

Now The market back to square one as per our prediction.

Banknifty view for 12.07.2011

Today in the opening we sold bank nifty near 11290.The high was seen only in the opening at 11295.Once sold we gave a buy target at 11,177 and that was achieved and the bn gone below to the target and made a days low of 11121.We wrote in our Friday preview go short in banknifty if it open below 11392 level and the target we gave was 11177 and that was done.The nifty when touched 5760 level we wrote in our blog we skipped long though its sound technically bullish but our experience showed this rally may crack and that made us to short in nifty and today it is down almost 160 points that is the notional gain all our positional client's made as of today.

Today we also sold in nifty and bought and when nifty touched 5605 we gone long and exited near 621.We sold SBI fresh near 2470 and bought the same in 2436 level.

Today market almost moved one side that was DOWN. it didn't give us a 2nd chance technically for a buy and sell.So, the opening short that gave a profit of 100+ points after wards we kept away.

Today the surprise thing, we noticed is ,the Nifty exactly touched the days low of 5605 and that was a earlier resistance.The market was found very difficult to break away this hurdle.So this give a little hope may be the Nifty take support from this and claim back to 655 level and consolidate again.if Nifty fail this time in its claim up to the ladder it can face the worst below 5427 level.It may witness the true correction.

The Bank nifty now may slide down to 10980 level below this it can slide to the earlier start 10600 level.It can attract fresh buying above 11392 below it looks bearish only and may correct some more downwards towards 10,980 level.The US Market trading in red as of now.The market we expect open in gap down tomorrow.

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