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.

Banknifty view for 27-04-2011

We wrote in our pre-view about today market in yesterday's post:-

In the above 2 charts we have 1 is intraday and the 2 is the week chart(5-days).In the 5-days chart the Bn shown few gaps left unfilled.This week it will try to fill this gap before it move up firmly.It actully zoomed up from 11620 level with so many running gaps.Mainly in 630-8- and 780-840.If the Bn break todays low's 11890 tomorrow it may slide down to 11730 level.Above 12020 it can claim upto 12180 level but the nifty now face hurdle in 5940 level.So one can go short in nifty with sl at 940 and Bn with sl at 12032 level if the opening is near 11940 level nifty in below 5920 level.

The Banknifty opened in 11920 and gone to 11923 and fell down to the days low of 11723 and from 11780 it completely done a 'U'- Turn and gone to the day high of 11939.We gave 11940 as sl.in our post and it exactly stopped there.Lastly Bn traded in 11890 level.We see still the weakness in Banknifty as per our parameters/indicators.

The yesterday's scenario remain almost same as far as the Banknifty tomorrow is concerned.The banknifty during the market closing runned up with running gaps.Shockingly the Nifty today shown a punch at 5391.Don't know how it happened.Some technical system error would have been there.The Nifty came down actually to 5825 level traded well and zoomed up to 5907 days high during market closing.

Today we made 48+30+30-16 points gain in banknifty intraday.

Banknifty view on 8.04.2011

The banknifty today touched a days low of 11695 and bounced up tp 870 level it seems it is a kind of consolidation to move up again to the 12000 level.Below 680 it may move down.Today we made Net gain in banknifty intraday=+38 +33+48 points.

Now the nifty and Bn may try to bounce new highs if nifty stay tomorrow above 5940 and closing above this level may take nifty to 6180 level.Bn to 12120 level.If nifty close below 5870 it may slide down to 5740 level and again may sustain side ways.banknifty fall below 720 is weak and below 680 we can confirm weakness to sell and it may take support in 11540 level.Now the trend is sideways so we can not say anything firmly.

Banknifty view for 10.02.2011

The Banknifty opened today in gap down more than 100 points from its previous days closing 10150 to 10063 and touched today a day high of 10325.The day low was 10037.

We have foreseen the market today well before and gave a sell call in the opening high and made 42 points in few mins itself..Than We predicted the Bn move today Like an 'M" shape mode and we sold 1 by by and covered and sold high right from 10080 to 10320 level and step by step we covered and made about 140+ points gain without any SL.Our today strategy was very unique and its win -win situation only..No technicals alone enough to win in today situation but we won with 100% accuracy as no sl hits.

The Nifty gained good strength and touched days high of 5347.The Bn lastly traded in10180...so it can go a mild recovery up tp 430 level...above it it can zoom upThe 5220 level it may bounces up.a gap up opening may possible.

Banknifty View for 1.02.2011

The Market gave a shock in the opening as it opened in gap down near the critical support level.The Bn was about 90 points down from its fridays closing.The nifty too almost opened 50 points down in 5475 but we could see only the 445 levels.We did'nt attempt opening call today.Till the mid-after noon the banknifty and nifty were caught in a narrow range. we made conservative trades then latter the BN gave us so many chances for intraday swing trades. we missed many attempts..and done many trades with narrow sl of 7 to 20 points.We were bit aggressive today and done everthing strategically.

The Nifty and BN took a 'U' turn and gave a hope to bulls once again.The Bn touched a days high of 10724 and the low was 10432 and lastly traded in 10660.Nifty also closed better and it can jump either sides.

The tomorrow market may seen a fresh bull back rally if nifty sustain well above 5540 level,The banknifty today claimed to 10724 level this may caused due to panic short covering as it again fell down to 520 level and shown some closing jerks and the closing gave no clear cut direction for tomorrow...if, open above 10770 it may act bullish or open down to 10587. it may be weak and may test the 10388 level.Being a firstday of 'feb' a fresh positional buy/sell may add volume.Do your trades with SL.

I s the correction Suspended!!!

In my yesterday post i wrote clearly dont remain in shorts and avoid shorts.As per our market pre-view the market today rose un-expectably and the afternoon recovery was amazed many day traders.Many people were struck in short and expecting the banknifty will fall further down to 12000 level where us it took support and shoot up to the new days high 12450 from the days low 12065 level about 400 points swing in intraday.

The Nifty Was shown great weakness last week as the selling pressure was huge due to the spectrum and other expected political instability traders expected huge fall/correction.Now the market gave a new twist...As i used to say market beat's every one.We have covered our shorts in friday near 12000level and were gone fresh longs which we exited today near12420 level.We also made about 150 points + in intraday trading.

Now the banknifty tomorrow may struck in side ways as the f&o closing is near by in 3 days.The EOD chart shows still weekness and a gap down opening may be there tomorrow.The nifty closed strong above 6000+ level now the 6100 act as a resistance a bounce up above this level will add more buying pressure.

Banknifty Now struck In Range Bound

The Banknifty today shown strength struck in 12640 level and was unable to move up and fell down and the running gap down was seen.The closing shown weakness and it is now struck in a range bound of 12400-600 level. The critical support lies in 12277 level a fall down to this level may weaken much more and a free fall may expected.The 550 level will enhance more side ways for 1/2 sessions and a firm direction will take place before this week end.

Today nifty was able to claim up but as it move's up the selling pressure was also seen and it came down to the previous friday closing levels. The SBI shown bullishesness and inspite of that the mother index shown weakness.The banknifty future trades still in '70+points' premium and this is not an ideal situation to go long, as it may any time turn -ive. Be watchfull about your longs or do it with SL.

After the COAL INDIA - ipo, We were expecting....the market direction will be clear. but, still there is no clear cut change in the market direction...it is still in Range bound and the market move is very much like a snail. Occassionally, uncertain jerk also seen as per the pulse of today. It is an indication of 'Flight' situation...

The Banknifty Has come longway right from 9200 to 12700 level.Almost a non-stop rally that firm footed and keen in reaching it upward destination beyond 13000.Today from the Market opened in gap up and lot of runaway gaps seen in nifty and banknifty and banknifty achived a day high of 12787 and made a steep fall down to 700 level.

Today we made 150 points in banknifty intraday swing trade between 12680 to 12740.We made many attempts for 30 points and the market was in full support as the volatality was good today.

The Ew 3rd wave correction is due, but as of now the market indicates - 'nothing' of such correction signals...the runaway rally is on and we may take this as an attempt to reach peaks, just before the exhaustation / decline state. I wish the trader to be more cautious and make out all trades in intraday with strict stop loss.

Will This upmove continue?

The Banknifty is fullfiled our expectation as we wrote in our yesterdays's pre-market prdiction.Here i am attaching the same for your attention.

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"Today it is sustained well in 10670 -700 level and during the closing it hits the day high 10750 and marked 767 and was not able to stay and fall 30 points and closed in a possitive note.The day low was 10643 ...The 10633 would have brought fresh selling but today, some how it sustained above and we have seen good consolidation near 10670 level. The banknifty last 3 trading days held well in a range of 10650 to 860 level and considering todays consolidation it may take a jump upto 10930 level. "
"Tomorrow we expect a Gap Up opening in banknifty.If it open above 10840 by chance it may surge it further to 920 level "

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Today the banknifty future opened in >'gap up' near 10780 and surged to 802 and slide down to 758 level and that was the day low.In the the opening we initiated a long near 770 and placed a sell at 834,but when it fall down to 760 in no time we made a double sell and it came down to 758 and rose up to 840 then it fell down to 765 level that made great mess and the day was very tricky as far as banknifty is concerned. it hits all SL here and there.The sl eat out day.. The BN slowely shoot up again to 840 levels...there its sustained well and went up to 907 during the closing.(our pre-expectation was 920)

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The nifty was very neat and fairly done all our expectation/prediction at last it went to 5488 high..we have given in our free tips stream a buy near 410 and gave a target of 484 and that was attained.The icici bank touched 1000 mark and took charge of the banknifty upmove.

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What do we expect Tomorrow?

We are expecting a mild gap down to flat opening tomorrow and if move above & sustain 10940 levels will be strong and the trend may change to mild bullishnes and reach to 980 level.The 10k level it may find hurdle so, it may move to side ways in 940+ levels and a few more days consolidation may take it further up.We also need to watch out the world cue's for this and our market is now(re) connected with the trend of the world market.

How Much One Know things are Not Important; How one Apply Knowledge into Action For Success is Very Important

The past few days we were anlysing market.(pre-study) The various data has been analysed that includes the 12 banks-the components of banknifty. Today morning ,we gave a pre-market opening call to all our paid clients that the market is going to open in gap up and claim up to the new high at the end.(Banknifty).That become true today.But we have seen small whip saw's here and there and gave a sell call in between..and we succeded in one(Gained 40 points) and failed in one(loss of 15 points).Why we have done against our prediction? Many traders were in utter confussion about the direction of the market,but we have predicted accurately and applied our knowledge wrongly.That was happen today.

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While the market was coming down we predicted the market is going to bounce back to the new high about 100+ points.When banknifty was in 9600 level we asked all our clients to place buy order at 9555.00 Level and it did'nt happen...Since the market was down upto 9590.00 level and bounced up to 9698.00 Level.We just missed out 100 points profits in one stroke...This is what called , the application error.it is a kind of over-confidence about our prediction and we expected the market will fallow us!! How funny it was..The market today thought us one more lesson that:-

."How much you know is not important;but how,When and where you need to apply your skill in action for success is more important."

This is what Sri krishna say's in Bhavat Geetha "Skill In Action" in karma yoga chapter.

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After all we all are also a learner and the learning never ends.The whole of human life is not enough..Right from birth to death the learning happens.Who know's even the beyond one may continue..Learning.

.Why am i sharing this with my readers?

..because sharing is also caring,any one who may happen to read this can afford to learn a leasson without paying in actual trading..if one trades and loose money is bad...So,it is better to learn before venturing into action.We have learned so much after loosing lots of money and now we have come up with that lessons learned by experience.May be today the level of our accuracy in prediction is gone up because of that learning.

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BANKNIFTY FUTURE -INTRADAY UPDATE

At 12.04pm

In the market opening itself we have noticed some weakness in the market and we gave a sell call at 9520 and SL at 9526.00 that triggered in no time and still we insited not to go long and again gave a sell call at 9542.00 level. and in a hurry to cover our shorts and covered and booked profit around 5520 level and told to many brave hearts that the market will be down and touch 9470.00 few people were lucky to gain additional 40points.

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We some how missed today, a good opportunity of booking 90 points profit in one stroke.instead we could made only 40+points...Now we asked to buy at 9460level and kept our stoploss @ 9444.00.Let see what the market going to offer....

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Update at 12.35pm

The day is lucky enough for us..we ask every one of our clints to book profit in 9510 level and it was sold at 9530.00.No position on hand.70-points in one stroke.Just feel great.

UP Date at 1.37pm

We sold at 9528.00 and covered at 9502.00 >26 points profit

update at 2.10pm

Bought at 9470 and sold at 9512.00>42 points profit

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Today we made a net profit of around > 190+ points.

That means if one would have gone 2 lots means- i.e. 100X 190 = 19,000.00/-as a net profit.

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There are few clients of our's made more than Rs. 1-Lakh today just in intraday trade as per our tips.We are glad to notice our accuracy level and its progress day by day.

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Today Market

The market today tussle within 20 points.I found the nifty spot low is very low when we see the future's low.The spot low is 5203.55 where as future's low is 5222.00.Something is cooking!! or the real weakness is on in nifty.if nifty breaks the 5190.00 Level the correction may occur from there on.The bank nifty is not showing much swing as it used be...it was struck in 9220-30 level for a longer time.This shows ready to blast on either side,but as per the nifty , it is going to jump down.

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We have gone short in the opening itself and covered same in 9220level.Waiting for further positions Long/short we are yet unable to predict...