BANK NIFTY FUTURE Intra-Day Update

a)Update At 10.15am

One intraday position squred.

We asked our subscriber to buy bank nifty around 8360.00 level and many bought even at 8355.00 and asked them to exit at 8466.00.

Now no position on hand.Waiting take further positions,if there is a chance.

-----

b)Update At 12.52pm

We got one more chance to sell at 8489.00 (Kept a SL at 8503-Not triggered) and just now covered it at 8372.00.

Waiting for another buy chance as low as possible!!!.

-----

c)Update At 1.34pm

As per the expectation we got a chance for a buy at low i.e-8352.00 and sold the same just now at 8428.00

No more positions on hand.

------

d)Update at 2.20pm

Sold again at 8462.00 and bought it at 8406.00

-------------------------------------------------------------------------------------------------

Net Profit today from 4lots- bought and sold in intraday is (a+b+c+d)

= 106+117+76+56= 355 points X 50 = Rs. 17,750.00 (-brokerage for 4lots)

BANK NIFTY FUTURE- Intraday Update

Graph source- Yahoo finance

BANK NIFTY FUTURE Today the trend is very eratic.

Caution:- Keep strict stoploss for all your trading including scripts.

Especially the bank nifty, it is cutting down the low's and high's just like that and swing in between with more vigour.it is going up and down within no time and do not know why it claimed up 8888.00 from the day low 8665.00 ?.

Be alert of your positions, if it is intraday, square it off today.The trend may reverse if there is any small news about banks/policy changes/results etc... or something like that.

Morning we sold it in 8792.00 and covered it 8702.00 and again bought at 8677.00 and sold at 8818.00.

No positions on hand. Waiting for anoyther sell at 8900.00 levels.with 20 points stop loss,if it is viable for intraday.

Today net profit 90+141 = 231 points x 50 = Rs.11550.00 ( -brokerage for two lots)

BANK NIFTY

Source-Graph NSE.

Today was the day with so much of un-expectation.The market opened in a slight gap down and certainly zoomed up around 100+points, and around 1.30 for no reasons it just came down to 9040.00level and went upto 9115 level during the closing.

Today low was 9854.00 and high is 9116.00 levels.Around 260 points from the days low to days high.Great oppourtunity for a opening long, but most of the traders missed the chance.(i have recived many chat messages saying nothing is done).The graph shown here is the spot from yahoo finance.

What will happen on 19th jan?

Dow,Nasdag,hengseng are still in Negative zone.

Our team expect a gapdown opening and trade in the range of 8870 - 9080.