The Market is now in a trade mode..
The view/prediction may futile..better do intraday trade for the time being
Tuesday, August 2, 2011
Monday, August 1, 2011
Banknifty View for 2.8.2011
As we stated one of our earlier post's when the Banknifty was trading in 11400 if it slide it can go down to 10760 and that is the last hope for bulls to come back..The Friday market exactly the Bn took support there and today it opened gap up in 11k+ and reached day high of 11075 and fell down to 10900 and again bounced to 990 and lastly traded in 940 level.
The Nifty also opend in gap up from its closing 5488 to 5544 and punched a day high of 5557 and fell down to same friday closing 488 and bounced again to 536 level.
Now the market expect the news from US Debt deaflt in the parliment.The Nifty one can consider short below 5555 and the banknifty will strong only above 11240 level belo this levels the market remain in side ways and consolidate.
Today we made 3 attempts and gained about 40 points in each attempts without sl hit.
The Nifty also opend in gap up from its closing 5488 to 5544 and punched a day high of 5557 and fell down to same friday closing 488 and bounced again to 536 level.
Now the market expect the news from US Debt deaflt in the parliment.The Nifty one can consider short below 5555 and the banknifty will strong only above 11240 level belo this levels the market remain in side ways and consolidate.
Today we made 3 attempts and gained about 40 points in each attempts without sl hit.
Thursday, July 28, 2011
Banknifty View for 29-07-2011
Dear friends,
My yesterday post i have mentioned volatility in today's market but i didn't expect this drastic gap down.The Sgx Nifty shown a weakness and we were ready to manage today battle and gone short twice in nifty and Bank nifty and made good intraday gain.We sold in 10940 level and place buy at 10864 in august future and that was achieved...But we advised to cover in 900 level many clients as there could be some bounce at the end...But the market was unable to go up..as there was selling consistently.The Nifty was unable to reach the opening high..!!
Join in our face Book and read the post posted there why the market is bleeding in red?
The FB Link-
http://www.facebook.com/home.php#!/profile.php?id=100000700565787
The Nifty now again slide to 5420 level and that is the last support for bulls to have some hope if not broken..if broken the market may witness major fall.The Bank nifty last support as per our data is 10743. Above 11140 it can sustain in sideways.
Join our paid stream and enjoy daily profit.Our intraday charges is Just Rs.6000.month and one can expect 50 points gain/day.
My yesterday post i have mentioned volatility in today's market but i didn't expect this drastic gap down.The Sgx Nifty shown a weakness and we were ready to manage today battle and gone short twice in nifty and Bank nifty and made good intraday gain.We sold in 10940 level and place buy at 10864 in august future and that was achieved...But we advised to cover in 900 level many clients as there could be some bounce at the end...But the market was unable to go up..as there was selling consistently.The Nifty was unable to reach the opening high..!!
Join in our face Book and read the post posted there why the market is bleeding in red?
The FB Link-
http://www.facebook.com/home.php#!/profile.php?id=100000700565787
The Nifty now again slide to 5420 level and that is the last support for bulls to have some hope if not broken..if broken the market may witness major fall.The Bank nifty last support as per our data is 10743. Above 11140 it can sustain in sideways.
Join our paid stream and enjoy daily profit.Our intraday charges is Just Rs.6000.month and one can expect 50 points gain/day.
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