BANK NIFTY TRADING SYSTEM
Open : 10465.00 High : 10800.00
Low : 10371.00 Close : 10457.00
TREND : BEARISH
Bank Nifty Futures just like Nifty Futures traded violently on both sides as the Budget speech progressed. It rallied to an intraday high of 10800 with the speech and slipped immediately with the major market to register an intraday low ow of 10371 , finally closing the session @ 10457.
The support for Bank Nifty comes in between the 10000 – 10200 mark and the resistance is at 10800 – 11000 area. Any breach of this levels on either side with good volumes will move the market on that direction.
We are Bearish on the Bank Nifty . Any rallies should be treated as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Monday, February 28, 2011
NIFTY TRADING SYSTEM ( 28TH FEB)
NIFTY TRADING SYSTEM
Open : 5327.00 High : 5499.00
Low : 5310.00 Close : 5341.00
TREND : BEARISH
NIFTY FUTURES TRADES VIOLENTLY ON BUDGET SESSION………….
Nifty Futures traded violently on both the sides as the budget session progressed. With the Budget speech progressing we witnessed Nifty Futures climbing swiftly to the 5499 area from the 5350 mark trading earlier, and thereafter it just slipped immediately from higher levels to test an intraday low of 5310 and finally closing the day @ 5341.
The intermediate support zone for Nifty Futures is still @ 5180 - 5230 area. On the up side there seems to be a major resistance now coming in @ 5500 zone. A break of either side will move Nifty Futures by 200 points.
We are still Bearish on Nifty Futures and any rallies in the market should be treated as selling opportunities with proper stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Open : 5327.00 High : 5499.00
Low : 5310.00 Close : 5341.00
TREND : BEARISH
NIFTY FUTURES TRADES VIOLENTLY ON BUDGET SESSION………….
Nifty Futures traded violently on both the sides as the budget session progressed. With the Budget speech progressing we witnessed Nifty Futures climbing swiftly to the 5499 area from the 5350 mark trading earlier, and thereafter it just slipped immediately from higher levels to test an intraday low of 5310 and finally closing the day @ 5341.
The intermediate support zone for Nifty Futures is still @ 5180 - 5230 area. On the up side there seems to be a major resistance now coming in @ 5500 zone. A break of either side will move Nifty Futures by 200 points.
We are still Bearish on Nifty Futures and any rallies in the market should be treated as selling opportunities with proper stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Friday, February 25, 2011
BANK NIFTY TRADING SYSTEM
BANK NIFTY TRADING SYSTEM
Open : 10340.00 High : 10510.00
Low : 10260.00 Close : 10500.00
TREND : BEARISH
Bank Nifty Futures took a breather today ahead of the Budget session. It traded throughout the day in a range of 250 points. On the downside , 10000 level looks like a very important intermediate support , breach of which will take the Bank Nifty Futures down by another 500 – 700 points. On the upside there is a minor resistance @ 10650 mark.
We are Cautious on the Bank Nifty ahead of Budget .
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Open : 10340.00 High : 10510.00
Low : 10260.00 Close : 10500.00
TREND : BEARISH
Bank Nifty Futures took a breather today ahead of the Budget session. It traded throughout the day in a range of 250 points. On the downside , 10000 level looks like a very important intermediate support , breach of which will take the Bank Nifty Futures down by another 500 – 700 points. On the upside there is a minor resistance @ 10650 mark.
We are Cautious on the Bank Nifty ahead of Budget .
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
NIFTY TRADING SYSTEM
NIFTY TRADING SYSTEM
Open : 5327.00 High : 5347.00
Low : 5238.00 Close : 5328.00
TREND : BEARISH
VOLATILITY CREEPS IN AHEAD OF BUDGET………..
Nifty Futures witnessed a volatile two way movement ahead of the Budget session. It witnessed heavy selling after poor Economic Survey forecast , making an intraday low of 5238, and a sharp short covering rally at this point took it all the way up to the 5347 area .
There is a strong intermediate support zone between 5180 - 5230 area. A break of this area will take the Nifty Futures all the way down towards the 4950 mark. On the up side there seems to be a minor resistance at 5350- 5400 area.
We are Bearish on Nifty Futures , Any rally towards the 5400 level should be treated as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Open : 5327.00 High : 5347.00
Low : 5238.00 Close : 5328.00
TREND : BEARISH
VOLATILITY CREEPS IN AHEAD OF BUDGET………..
Nifty Futures witnessed a volatile two way movement ahead of the Budget session. It witnessed heavy selling after poor Economic Survey forecast , making an intraday low of 5238, and a sharp short covering rally at this point took it all the way up to the 5347 area .
There is a strong intermediate support zone between 5180 - 5230 area. A break of this area will take the Nifty Futures all the way down towards the 4950 mark. On the up side there seems to be a minor resistance at 5350- 5400 area.
We are Bearish on Nifty Futures , Any rally towards the 5400 level should be treated as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Thursday, February 24, 2011
BANK NIFTY TRADING SYSTEM
BANK NIFTY TRADING SYSTEM
Open : 10635.00 High : 10640.00
Low : 10170.00 Close : 10210.00
TREND : BEARISH
HEAVY SELLOFF IN BANKING SECTOR……….
Bank Nifty Futures met with heavy selling pressure throughout the day , as most of the major banks broke there intermediate support levels. It slipped below the crucial 10500 level and closed almost near the low point of the day @ 10210. The next major support now comes in at the 10000 mark. On the upside , the minor resistance comes in @ 10450 mark.
We are Bearish on the sector and any rally towards the 10500 level should be treated as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Open : 10635.00 High : 10640.00
Low : 10170.00 Close : 10210.00
TREND : BEARISH
HEAVY SELLOFF IN BANKING SECTOR……….
Bank Nifty Futures met with heavy selling pressure throughout the day , as most of the major banks broke there intermediate support levels. It slipped below the crucial 10500 level and closed almost near the low point of the day @ 10210. The next major support now comes in at the 10000 mark. On the upside , the minor resistance comes in @ 10450 mark.
We are Bearish on the sector and any rally towards the 10500 level should be treated as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
NIFTY TRADING SYSTEM
NIFTY TRADING SYSTEM
Open : 5419.00 High : 5430.00
Low : 5251.00 Close : 5263.00
TREND : BEARISH
BLOOD BATH ON DALAL STREET……..
Nifty Futures witnessed heavy selling resulting in a Blood Bath in all sectors. It closed below an important near term support level of 5400 , making it vulnerable to more losses in the coming sessions. The near term support now comes in between the 5200 - 5170 zone and the next minor resistance comes in all the way towards 5500 level.
We are extremely Bearish , So any rally towards the 5400 level should be used as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
Open : 5419.00 High : 5430.00
Low : 5251.00 Close : 5263.00
TREND : BEARISH
BLOOD BATH ON DALAL STREET……..
Nifty Futures witnessed heavy selling resulting in a Blood Bath in all sectors. It closed below an important near term support level of 5400 , making it vulnerable to more losses in the coming sessions. The near term support now comes in between the 5200 - 5170 zone and the next minor resistance comes in all the way towards 5500 level.
We are extremely Bearish , So any rally towards the 5400 level should be used as selling opportunities with appropriate stop loss.
For a Reliable, Trustworthy ,Transparent and Accurate Trading Calls with Precise Entry, Stop loss And One Target in Nifty , Bank Nifty , Stocks (FNO) , Gold , Silver & Crude , Visit www.aaksharstock.com / www.aaksharcommodity
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