Banknifty view for 25.08.2011

Yesterday, we wrote in our market preview avoid long and also told to short in banknifty near 9540 when it pull up and the target will be 9275.The market exactly done the same.The day high banknifty future touched 9567 and the days low happened to be exactly our target 9275.How is it.This is how we predict banknifty.There are many websites and T.V. recommended long in banknifty..but we are the one, who said not to go long.Here, we post the same what we wrote in our yesterdays post....

"The Nifty&BN the major trend is still down.the bn can bounce up sharply only above 9620 level..below it can go down to 9030 level on the coming days/week.The FII"S are selling and today they sold nearly 100cr where us the DII"s bought about 300 cr.That only the market shown some pull back. Avoid fresh positional longs the trend remain down except the small pull back.The banking stocks were beated continusly so be watch full of buying those stocks. The Banknifty is weak below 9434 one can consider short and it may get into panic sell mode if, fall below 9275 level.Now it can move up to 9540 level then it may fall again.Due to the F&O settlement on 25th the market showing volatility."

Now,Tomorrow the F&O closing so better trade in Sep month contract.The market is not bottomed and the Banknifty may fall further down to 9000 levels.The Nifty today broken the rising chennel..so below 4868 it can slide to 4785 level.

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Banknifty view for 24.08.2011

The last two days the Nifty&Banknifty witnessed a great volatility..it gos down to a deeper low's and bounce back to days high..We had a very great intraday trade in last few days and gained well.

The Nifty&BN the major trend is still down.the bn can bounce up sharply only above 9620 level..below it can go down to 9030 level on the coming days/week.The FII"S are selling and today they sold nearly 100cr where us the DII"s bought about 300 cr.That only the market shown some pull back. Avoid fresh positional longs the trend remain down except the small pull back.The banking stocks were beated continusly so be watch full of buying those stocks.

The Banknifty is weak below 9434 one can consider short and it may get into panic sell mode if, fall below 9275 level.Now it can move up to 9540 level than it may fall again.Due to the F&O settlement on 25th the market showing volatility.

Banknifty View for 18.8.2011

Last few days we have not updated our blog due to the past prediction we have with proposed targets.We gave a red alert and short in Nifty and banknifty when it was trading near 5200 and 10470 levels respectively.Today we are happy to share our banknifty future target 9870 is done and nifty touched a days low of 5014 and it will fall down to our target 4953 levels on the coming sessions.

The day was expected to open in gap down,but in contrary to my expectation the market opened in gap up and gave up all the gains and fell down steeply.The Bn touched a days low of 9855 from 10191.Nifty from 5125 to 5014 and lastly traded in 5065 level.As i see the Nifty option premium was swallowed...may be its a pre-planned move by operators.Avoid buying high premium options.

Today we made a sell in the opening high near 10180 levels (Day high was 10191,Day 'slow was 9855) and made about 200 points in intraday itself as it gave us so many swing trades.The positional short we almost covered 75% as the 9870 target was achieved...once covered, it shoot up to 9990 we sold it again and now holding 25% of the short.This time many our blog readers made good jackpot gain apart from our paid clients.

Now the banknifty may tend to move in sideways but Nifty has to show some more downwards move towards 4950 level.The further follow up action will be posted/planned according to the Global cues.