Jacpot for all our clients

This week alone from monday to friday we made more than 800 points in Banknifty intraday itself.

Positional we made 1200+points.The Feb month is jacpot for all our clients.

Where the Market is heading to?

The Indian market is today gave a shock and took away the hope of bulls!!.The Nifty touched a days high of 5430 and gone down to days low 5251 level and selling.Banknifty touched 10648 and gone to low of 10216 level.The sensex gave up about 600 points.

Budget may support the market!

Chairman of the Standing Committee on Finance Yashwant Sinha suggested raising the income tax exemption limit to Rs. 2 lakh in the budget, to provide relief to the common man, suffering the impact of high inflation.

Presently, income up to Rs1.6 lakh per annum is exempt from tax for individuals. For women and senior citizens, the limit is Rs. 1.9 lakh and Rs. 2.4 lakh, respectively. However, under the DTC Bill, which was introduced in Parliament last year, the I-T exemption limit is proposed at Rs. 2 lakh. This kind of positive news flow could keep the market in tight range, but any negative news flow may take the market to lower levels.

we wrote in our yesterdays post we sold in 11270 and covered the positional shot yesterday partially as we gained 800+points in a weeks time and today we booked(covered all shots) and gained about 1000+ points in 8days time.

The intraday itself we made about 130 points gain doing very conservative trades.In our earlier post we wrote the banknifty will fall down to 10000 level.Now after seeing the sell off/off loading Nifty and many front line stocks we are expecting a mild bounce up in banknifty upto 10430 level and again it may slides down to 9970 level.The Nifty head and shoulders formation was waived today..just negate and focus trades now in intraday with SL.We also advise you to be catious now in all of your holdings in the Nifty fifty stocks.

What to expect from the market now?
Foreign institutional investors off loaded stocks worth Rs. 245.42 crore on Monday along with the domestic institutional investors who in turn sold out stocks worth Rs. 27.61 crore. We expect the market to remain in the tight range despite the sell off made by the institutional investors. Market is expecting some cues from the budget but post budget there could be huge volatility in the market. Today, the market is expected to be in tight range. The upper band of the nifty may be 5520 and in case it crosses the same it could go up to 5580!

Today our market fell down sharply in the afternoon .The Banknifty gave up from its day high 10877 to 640 level.Nifty gone down from 5501 to 5426.This weak nifty and banknifty there were less buying and more selling seen on monday to till today that made the fall and the bulls have less hope now..If Nifty move above 5560 level the inverted head and shoulder may come in act and lead market to further highs and if nifty move down to 340/320 level just negate this formation it will fall further there on.

We were selling Banknifty right from the recent high's 11270 level and the partially we booked profits in positional short today in 10660 level which was sold in 11270.We made about 600 points in positional short in a weeks time.Still we hold part of our short to cover at lower level.

Today in intraday we made 4 attempts and succeded in all and gained about 130+ points profit. At last we sold in 10840 level and covered soon as we made enough gain in intraday, once we covered it fell about another 150 points.We just sat tight and kept ourselfs away from market.

The Banknifty as we mentioned in our monday post below 10770 huge selling will be there that happened after 3 days today.Now tomorrow the banknifty may trade sideways and may fall down agin in the coming days.