As i am going out will update to night..
Sorry for the inconvenience....
Thursday, June 23, 2011
Wednesday, June 22, 2011
Banknifty View for 23.06.2011
The Indian economy or the market both seems a kind of slow down!!The market today behaved back to normal.The whole day it was in between the walls of a tunnel.We made a conservative trade and gained about 90 points in 3 trades each trades and also holding shorts in Banknifty.We expect the banknifty may slip down to 10300.Today it opened in gap up but the day high 10561 not much trading seen..it traded well below 530 level and not able to stand still above 10541 level.This level the banknifty resist as the selling start pouring in.The banknifty touched a low of 10445.We gave a target at 448when we sold near 500 and it really tested our patience longer time today as it was crawling in side ways finally this target was done.
Our Nifty positional clients are still holding short from 5610 level.We also done many swing trade and made nearly 450+ points already in nifty and still holding partial short for expecting a fall near 5130 level.The Nifty today was broken out its day high and break down its day low..and the premium now shrunken that indicates weakness.
There are many value buy in stocks can be done at this level..One can visit our SEED site to know further about value buy and our stock selection.
Our Nifty positional clients are still holding short from 5610 level.We also done many swing trade and made nearly 450+ points already in nifty and still holding partial short for expecting a fall near 5130 level.The Nifty today was broken out its day high and break down its day low..and the premium now shrunken that indicates weakness.
There are many value buy in stocks can be done at this level..One can visit our SEED site to know further about value buy and our stock selection.
Tuesday, June 21, 2011
Banknifty View for 22.06.2011
The Banknifty and Nifty was it fooled everyone today from the opening 10549 it fell down to 520 level and from 540 it consistently went up again and again and touched days high of 10679 level.it was showing technically buy but we sold right from 560 to 750.Sell on every rise as we know the market is foul playing.We covered one buy one our short's when it fall down...last short we were holding and finally covered with profits..In no time the Bn fell down to 10445 level.We missed more than 100 points in addition to the normal gain.The positional short again we made in 620 level and placed buy in 448 that was also bought surprisingly.
The Nifty today was seen buying and that only made it to touch 5320 level.The opening high was shown at 5371 but we have not seen it was traded in that level.
The Europe region is still not in a good state economically.The Greece bailout was done by the help of German and UK...But still the Europe union may face adverse economical crisis.
The market now try to hold itself from a free fall.Avoid fresh longs also don't go short at the lower levels.The next month banknifty and nifty still trading in higer premium and the F&O closing is nearing so play safe.
The Nifty today was seen buying and that only made it to touch 5320 level.The opening high was shown at 5371 but we have not seen it was traded in that level.
The Europe region is still not in a good state economically.The Greece bailout was done by the help of German and UK...But still the Europe union may face adverse economical crisis.
The market now try to hold itself from a free fall.Avoid fresh longs also don't go short at the lower levels.The next month banknifty and nifty still trading in higer premium and the F&O closing is nearing so play safe.
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