Market Today

The world market is in total mess..

But the real impact is not seen yet in our market.

As i used say, no market can de-couple itself from the the rest of the world...as it is evident the exchange to exchange trade and the "any index can be traded from any where" all this will not allow a market to move independently from the other market.The real impact also, start accumulating as a hidden water under the rock and burst out any time just like as an artician flow unto every where'.

The Magical Number that Play well in Banknifty

There are news or rumours around every where among the traders that> 'The banknifty will go to 11,000 levels' . The traders of this index future were really stunned and was in dilema of not to short or even affraid of longs at 10450+ levels...The banknifty intraday volatility used be beyond 100 - 300 points. but due to/including the above factors the volatality was shrunken and many days the difference between the day low to high was within 70 points.

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We have been continuously and consistently learning and discovering many hidden treasure of this index future by various means right from the volume statistics to advance chart anlysis.

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It is worth and all our clients are now sharing the rewards with us.Recently we have 'discovered the Magical figure'. Today our magical figure was in '10492' and the market down to it sell and up to it buy...In the opening bell the market shown open punch in 10451 and actually traded near 480 and we sold banknifty at 10487 and kept this magical figure as SL...The today high was 10491.00 and our magical number was not hit...Soon after we sold,we placed a buy at 10346 but at the end 3.26 pm we covered our shorts near 10375.00.We made approx 120 points in one stroke and apart from this we have also done 3-intraday swing trade where we manged to gain another 80 points.

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What a surprise in one point SL was not hit and we gained 120 points instead...The learning always pay rewards...That's what we have learned today.

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What we can expect on 12.08.2010 ?

a) The banknifty today closed very weak and the global markets are also seems to be not in favour.The infosys,Reliance,Sbi,Axis are also weak and the nifty also failed to complete the rally above 5500 and closed today near to 5400...considering all these facts the tomorrow market may open in flat to marginal up and may move down from there on. if , banknifty go's down to 10340 level huge fresh selling may come in and push it further down to 10200 level.

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b) The 'icici bank chart shows some bullish indication', and it can move beyond 1050 and SBi result is expected tomorrow. If both these scripts shows some strength tomorrow the banknifty again may go to 10420+ levels and if , able to sustain and move & close above 10460+ may add strength and take this index future further to 10550 level.

UP Date @ 11.45 pm

Hi All,

In continuation to the above.... now things are clear tomorrow our market open in gap down.The world market crashed.

FTSE - DOWN >131 point -2.44%

(DJI - Down >-2%

DJT & DJU are down more than -4%)* *Market not closed yet.

We Invite you to become our subscriper and enjoy the rewards.

Our subscription Charges:-
a) Banknifty Future Intraday Tips Is Rs.5000/-Month
b) Banknifty Positional Is Rs.5000/- Month
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How To Become a Subscriber and recive our tips ?
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c.Once your payment is recived by us, within 48 hours we will send you the welcome kit with Essential Guidelines, and there on we will add you in our yahoo chat list,Once you accept chating option with us, you will recive our intraday-tips during market hours.
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Edge to Edge Trading Possible?

Edge to Edge Trading Possible?

Yes possible..Today we have made it in banknifty.

The banknifty closed near 10450 yesterday and we sold it for STBT and today we covered the same in the opening bell @10430+ bought fresh for the day we exited the same at 10454 level and the day high was 10459.We were waiting for the right moment for a fresh sell and sold it above 10450 and covered the same in 10360 level . In one stroke we made 100+ points and also bought it near the days low 10352 and sold the same at 10380 level.

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The banknifty showed a prolonged upward move and today nobody would have been expected a fall like this and we were expected and made a day fruitful for all our clients.We have almost done an edge to edge trade and drunk the full juice.

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What do we expect on monday?

The banknifty closing today is favoured the bear...in my earlier post's i wrote this scenario.The banknifty closing below 10440 is weak and today it gone down to 10400 and closed near 400.The Banknifty may take support near 10300 and a fall down to 10288 is a confiremed breakdown and one can initiate a positional sell.

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The Nifty today went up to 5475 levels and the indicators were screaming and lot of profit booking were seen.In my pre-market view i wrote to my clients the nifty fall down to 5440 brings huge selling and the whole day it was standing still near 460-70 and after 2.30pm the fall started and nifty touched a low of 5334.Now nifty has minor support at 415 and breaking down to 5385 is a confirmed bearisness.

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The Reliance today traded in 3 digits and Sbi,icici bank,infosys showed weakness and if this weakness extend on monday a deep fall ahead.The globals factors are also in favour of it.The augest end is going to witness so many ups and downs.