BANK NIFTY - LIVE TIPS

Sell bank nifty future at this current level 9184.00 i expect it will come down to 9130.00 range.

keep the high 9216.00 as stop loss.

UP DATE

We covered the short at 9146.00.you can also cover or wait for 9130 level.

at 3.00pm

Again bought at 9140 and Touble sold it at 9193.00

Bought one lot at 9172.00.

NET POSITION NILL

POINTS GAINED TODAY-38 +53+21 = 112 POINTS ( -Brokerage)

The time expansion...The market lost the charm.

The time expansion seems to weekened the charm of the active market trades.I really need to see weather the overall Trading volumes of the markets both in Bse and Nse are raised or not?

we have to wait some more time may be this week end we can see the differences that happened because of the time expansion.

My personal views about this time expansion is negative.i am really not comfortable to start an early trade in the morning.if they would have expanded the time from 3.30 pm to 4.30 that would have been nice for me.Anyhow,There will not be any major changes in market volatality..infact the market lost its usual charm in last two days as i see,it is such a boredom.

Many traders are finding difficult to reach the office's in time.That too city like mumbai one has to wake up so early and start their journey atleast by 6/7am,if they have to reach city from the sub-urban.it is a difficult times for the terminal operators to accustom to the present timings.

What shall we do now? we have to simply accept and accustom ourselfs to the new timings.let it take some more time.No way out.

BANK NIFTY- LIVE UP DATE

we were just waiting for the sell signals for intraday trading.Now we got it sell bank nifty around 9230.00 level. put stop loss order in 9250.00

UPDATE AT 11.35 AM
1.9230.00 short covered and bought two longs at 9204.00 and sold it just now AT 9236.00
gain 24 poins plus 32 points=56 points.Waiting for fresh short.

AT 1.05 PM
2. SOLD at 9244.00 and cover it just the dip of 9196.00. plus 48 points.
NO POSITIONS on hand.

The markets seeme to be a mixed trend, a tussle between BULLS Vs BEAR.

Waiting for anther sell if there is a chance above 9250.00 level with less volume.

Today net=104 points x 50=Rs5200.00 Minus Brokerage.