Banknifty View For Monday

The Indian market is the place for uncertainty.The Unexpected "U" Turn made every one stunned.How ever we follow technical aspects of it , it is not enough.The Fundamental also one need to look out.Today The FII'S activity is more, that caused this un expected rally.Today In NSE&BSE The Net buy of FII's is Rs.3682.65 crores Vs.Net sell of Rs.2792.21 crores.It is not easy to predict the FII"s market behavior when/Why they buy/sell.?? Last week the Nifty future touched a low of 5182 and today it gone near to 5400 when every one out there expect a fall down to 5000 level.We are also not excluded in this preview.

Yesterday we covered our STBT short in Nifty and Banknifty ,when the market opened in Gap down.Today we were unable stay back the whole day as the acute power cut here.Today we made no trade as far as the intraday is concerned.But positionally we have done Short In Bn.The BN yesterday touched a days low of 10445 and today it jumped to 10900 level . From its opening it didn't give chance to any one -for a sell and buy.Many stood away due to the fear of going long and holding it for 2 days overnight position.

We see the post market analysis the market was broken out ,when the global markets are bleeding in red.This happened due to the FII's participation and also the F&O closing nearing and made most of the short holders to cover short at loss.Now ,when we see the tech view the 10541 to 611 gap is left unfilled ...if this rally is a pseudo one , on coming Monday to Wednesday or Thursday the BN has to do the 'Island of reversal' to fill the gaps in Nifty and Banknifty.

The Reliance& SBi + other banks are fueled this rally.The July premium was reduced due to the short rollover.Many traders are in short and the market volume were less in last few days and today it gone up as the panic short covering gone high.Whatever it is, the market is still not stable to go long.

Banknifty view

As i am going out will update to night..

Sorry for the inconvenience....

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.