A Complete 'U' Turn

Till today morning we were in positional short in Banknifty future and this morning we had a sell chance in the opening around 8960 level and in 4mints time it came down to 8890.00 for a buy...The day Low was 8888.15 and day high was 9198.00 what a jump from the low to High...We were very awake about the trend today and kept our SAR @9000 level for our positional short to positional long and as expected the SAR was triggered and the market took a complete 'U' Turn and we have very wisely aligned our position with the market and that favoured us greater gain than what we thought of it.

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I also like to add one more thing, as i see Nifty today was unable/struggle to claim up-5020 Levels and that really worry the positional Longs in banknifty.If tonight the world cue's+tomorrow the euro opening will decide the uptrend and its consistent move to the higher levels!!.

1800 +points profits we made in Banknifty future may 2010

Yesterday, we wrote where the market leading us to...?

Today it is confirmed further down.We gave pre-market alert that market will open in gap down and sell wherever it may open and do not go long in banknifty.We sold in 8990.00level and covered in 8910 level without stoploss...again we sold in 970 level and covered at 8846.00like wise we have done 4-trades that too without SL..we also hold our positional sell partially.In today intrday alone many of our clients made more than 1lakh profit.(all these happened in before 2.30pm)

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As on today we have gained more than '1800+ points profits' in Banknifty future may month contract alone.

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Assume that > A small trader who does only 50 nos in banknifty have easily made 50X1800=Rs.90,000/-this month with the capital of 1lakh.What a gain.This is what our success is.We have turned and used all opportunity to our favour .This month witnessed more volatality due to global cue's and we really sailed well in this tidal wave and reached shore safely with basket's full of fish.

Where The Market Leading To...

Inspite of a gap up opening today...The market was changed its direction from bearish to bullish and in the the end of todays trading the market was not able to maintain its 'Status Quo'.The banknifty day high was 9290 and closing it came down to 9040.00Level. We have done an excellent trading today morning we gone long and kept our SAR @9188.00 and it was triggered and we covered 50% of all our shorts @9110.00level and rest we covered near the day low's and gained good profits in intraday trading.

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About a month ago,after hearing the 'Greace' news we wrote in this site:- just the 'tip of an iceberg' and afterwords the world cue's were in negative trend...The different nation's and its goverments are finding difficult to manage the situation by various means to sustain&maintain the crisis...The German Goverment is one among them..The global cue's was showing green for a while but the real situation starts prevailing and shows it strength agin in negative..In today- our maket was showing strength and as if, the correction was over and the rally is on!!!. But the Banknifty and nifty was closed in red.

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The Banknifty was finding it difficult to cross over the 9280 level.

i saw a huge selling was happened in range 9220-45 level and that gave a confirmations, the banknifty is still in the down mode and today closing too favours the down trend.Let us wait for the tomorrow opening and trade may be that will give the clear indication of the Market direction.