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BAJFIN FUTURES TRADE BUY@3320-3310 STOP@3280 TARGET-1@3370 TARGET-2@3390 TARGET-3@3395 QTY=500

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INDEX SUMMARY -SGX NIFTY IS SHOWING A 40 POINT NEGATIVE START -NIFTY HAS ALMOST COVERED EXPIRY DAY FALL -INDEX FOR 4TH TIMME HAS REVERSED FROM 12000 -BUT BRUTALLY AND TRIGGERING STOPLOSSES -WE DID SEE A SHARP BOUNCE FROM THE LOW OF 11765 WHICH WAS ONE OF LEVELS FOR SUPPORT -IT ACTUALLY BOUNCED FROM ITS 100-EMA ON HOURLY CHART -INDEX IS CREATING A HIGHER...

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INDEX SUMMARY -BANKNIFTY IS IN A STRONG UPTREND -WE ARE TRADING ABOVE 24200 FOR 3 DAYS NOW -INDEX SUSTAINING ABOVE THIS LEVELS INDICATE STRENGTH -ANY CORRECTION TOWARDS 242250-24150 IS A BUYING OPPORTUNITY -INDEX IS CREATING HIGH HIGHER AND HIGHR LOW FORMATION -I HAD EXPLAINED EARLIER ALSO THAT INDEX HAS A HEALTHY PREMIUM IT WILL BE USED TO THROW OUT WEAK...

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RELIANCE FUTURE TRADE -STOCK HAS BROKEN CRUCIAL RANGE SUPPORT -AND RE-ENTERED THE PREVIOUS TRADING ZONE OF 2050-2180 -NOW TODAY WE HAVE A CONFIRMATION -KEEPING A STOP ABOVE 20-EMA WILL GOOD TO RIDE VOLATILITY SHORT@2165 STOP@2225 TARGET-1@2120 TARGET-2@2090 TARGET-3@2050 QTY=1010

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INDEX SUMMARY -BANKNIFTY CROSSES 24200 AND IS SUSTAINING ABOVE IT -TODAY IF ANY ONE OBSERVED THAT BANKNIFTY FUTURES PREMIUM WAS NOT COMING DOWN -INSTITUTIONS ARE LONG ON INDEX FUTURES IN BANKNIFTY -LIKE EXPLAINED INDEX CAN RALLY UP TO 1000 POINTS FROM 24200 IN SHORT-TERM BEFORE MONTHLY EXPIRY -NOW FOR TWO INDEX BANKNIFTY HAS SUSTAINED THE GAP-UP AND IS...

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INDEX SUMMARY -SGX NIFTY IS SHOWING A 40 POINT POSITIVE START -NIFTY HAS ALMOST COVERED EXPIRY DAY FALL -IF ONE WILL NOTICE SAME KIND OF MOVE WAS SEEN IN NIFTY WHEN IT CLOSED @10800 -ONCE THE BAR WAS TAKEN OUT IN THE INDEX SAW A 1000 POINT MOVE -CAN NIFTY REPEAT THE SAME AFTER TAKING OUT 12015 -LETS RELAX AND TAKE IT DAY BY DAY -INDEX FAILED TO CROSS ABOVE...

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INDEX SUMMARY -SGX NIFTY IS SHOWING A 40 POINT NEGATIVE START -NIFTY INDEX CREATED A INSIDE BAR ON FRIDAY AND GAPPED UP TODAY -IMPORTANT PART IS THAT THE INDEX MANAGED TO TRADE AND SUSTAIN ABOVE TO CRUCIAL POINTS -11815/11855 -BULLISH MARABUZO CANDLE AFTER A INSIDE BAR IS INDICATING FURTHER MOMENTUM -INDEX IN THE PAST HAS MANAGED TO TEST 12000 WHENEVER IT HAS...

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INDEX SUMMARY -BANKNIFTY CROSSES 24200 FINALLY -AGAIN LIKE NIFTY INDEX INSIDE BAR PATTERN BREAKOUT FOLLOWED BY MARABUZO CANDLE -BUT UNLIKE NIFTY BANKNIFTY INDEX MANAGED TO TAKE OUT ITS PREVIOUS HIGH -I HAD EXPLAINED MANY TIMES BEFORE THAT I EXPECT BANKNIFTY TO OUTPERFORM NIFTY IN THE FUTURE -ONLY HURDLE IN THE INDEX IS THE HIGH PREMIUM -THOSE WHO FOLLOW ME...

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-INSIDE BAR BROKEN IN THE STOCK -BULLISH MARABUZO CANDLE -GAP-UP SUSTAINED -IT HAS BEEN SEEN IN THE PAST THAT WHENEVER THE STOCK MOVES ABOVE 423 IT HAS TEST 440 ICICI BANK OCT FUT TRADE BUY@419 STOP@411 TARGET@439 QTY=2750

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INDEX SUMMARY -BANKNIFTY LIKE NIFTY INDEX MADE A INSIDE BAR FORMATION ON FRIDAY -EXPECT SOME INITIAL PROFIT BOOKING IN HDFC BANK ON MONDAY OPENING OR A BURST OF A RALLY -IF HDFC BANK IS EXPECTED TO OPEN ABOVE 3% ON MONDAY WE WILL SEE A MOVE OF MINIMUM 300 POINTS -ON THE OTHER HAND I EXPECT HDFC BANK RESULTS TO RUB OFF ON OTHER PRIVATE BANKS -IF BANKNIFTY...

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INDEX SUMMARY -SGX NIFTY INDICATING A 70 POINT GAP-UP -AFTER BIG BEAR ROAR ON WEEKLY EXPRIY DAY BULLS SHOWED SOME SIGN OF FIGHT ON FRIDAY -NIFTY ON FRIDAY CREATED A INSIDE BAR PATTERN ON DAILY CHART -INDICATING INDECISIVENESS IN THE MARKET -SUPPORT ZONE COMES BELOW 11625-11585 -FIBONACCI INDICATES 50% AND 61.8% RETRACEMENT LEVEL AT 11630-11540 ON HOURLY CHART...

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-SORRY MEMBERS FOR NOT POSTING YESTERDAY -I WAS BUSY IN SOME IMPORTANT PERSONAL WORK INDEX SUMMARY -SGX NIFTY IS INDICATING A 50 POINT GAP-DOWN -INDEX WAS DEFENDED BY THE HEAVYWEIGHTS LIKE RELIANCE AND INFY -OTHERWISE INDEX WOULD HAVE CORRECTED MORE -YESTERDAY NIFTY INDEX ON DAILY CHART HAD CREATED A PATTERN CALLED "INSIDE BAR" -IF MARKET BREAKS LOW OF...

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INDEX SUMMARY -BANKNIFTY IS LOOKING WEAK AGAIN -INDEX AGAIN HAS BROKEN THE 200-EMA ON DAILY CHART -NOT BY MUCH BUT STILL BELOW ITS 200-EMA -NOW INDEX NEEDS TO FIND SUPPORT AT LOWER LEVELS -IF GAP-DOWN IS THROUGH THEN BANKNIFTY MIGHT ATTEMPT TO FIND SUPPORT @23180-200 -IF BANKNIFTY WANTS TO REGAIN STRENGTH AND MOVE HIGHER IT NEEDS TO CROSS 23550 AGAIN -ON...

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INDEX SUMMARY -SGX NIFTY IS INDICATING A GAP-UP OF 30 POINTS -ACCORDING THE LTP PRICE GAP-UP IS INDICATING 50 POINT GAP-UP -NIFTY YESTERDAY BROKE PREVIOUS HIGH OF 11794 AND TESTED 11900 -DUE TO EXPIRY WE SAW SOME REVERSE ACTION FROM THE TOP -I WON'T GO WITH A SINGLE DAY CANDLE WHICH INDICATES "LONG-LEG DOJI" -BUT THE BREAKOUT LEVEL OF 11794 WAS TESTED AND INDEX...

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INDEX SUMMARY -BANKNIFTY DASH TRADE HIT TARGET AGAIN -CRUCIAL RESISTANCE @23180 -LEVELS WERE RESPECTED YESTERDAY -RESISTANCE @23450 WAS RESPECTED YESTERDAY -SUPPORT ALSO WAS RESPECTED YESTERDAY -TODAY WE HAVE RBI POLICY SO NO DASH TRADES -WE WAIT AND OBSERVE THE POLICY -WE CAN TRADE AGAIN IN INDEX FROM MONDAY -CRUCIAL RESISTANCE @23450 -CRUCIAL SUPPORT...

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INDEX SUMMARY -BANKNIFTY IS BATTLING TO BREAK ON THE UPSIDE -ONCE BANKNIFTY MOVES ABOVE 23170-23180 WE WILL SEE A CLEAR MOVE TOWARDS 23380-23480 -BANKNIFTY IN THE PAST HAS SHOWN US THAT WHEN CROSSED ABOVE 23200 THEN INDEX GOES UPTO 24000-25000 -MORE SHORT-COVERING TO BE SEEN ABOVE 23200 IN BANKNIFTY -NOTE BANKNIFTY IS TRADING BELOW ITS 200-EMA -WHERE AS NIFTY...

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INDEX SUMMARY -SGX NIFTY INDICATING A 60 POINT GAP-UP -YESTERDAY HAD MENTIONED CLEARLY I AM NOT INTERESTED TO SHORT THE INDEX -NOW TODAY MARKET MIGHT OPEN ABOVE OUR YESTERDAY DASH LEVEL AND HIT THE TARGET -SO THE TARGET IS INVALID -I CAN'T SAY WHERE THE MARKET WILL TRAVEL IN INTRADAY LEVELS AS WE HAVE WEEKLY EXPIRY ALSO -CRUCIAL RESISTANCE COMES AT...

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INDEX SUMMARY -SGX IS INDICATING A 25 POINT GAP-UP -TRUMP STATEMENT ON STIMULUS CAUSED A SHARP DIP IN US MARKET -BUT TODAY ASIAN MARKETS ARE HOLDING THEIR OWN FOR NOW -GOING BY THE PRICE ACTION NIFTY IS READYING ITSELF TO TAKE OUT PREVIOUS HIGH -MARKET CLOSING AT THE HIGHEST INDICATES POSITIVE MOMENTUM TO FOLLOW -NOW SINCE THE BIGGEST HURDLE OF 11625 TAKEN...