We starts our bank nifty future trade from today as just Trial.
Bank nifty future is Very very risky trade. So trade carefully.
Bank nifty breaks and trade below 12000, then high panic selling occur.
If close above 12200 today, then it will up towards 12500/12800 level.
Today we will decide to take long in bank nifty @ opening in DEC series and keep strictly stoploss of 12000 (spot level) for 13200/13500 (future level).
No more update.
Our levels are mentioned only bank nifty spot not in future.
SAFELY TRADING.
UPDATE ON 10:00 AM 22/11/2010
We had taken long in bank nifty future (dec) @ 12200 with strictly stoploss of 12000 (future level) for 12500/12800/13100/13400 time frame before dec expiry.
UPDATE ON 4:00 PM 22/11/2010
Unfortunately our 1st target missed by 10 points. See today's high 12490.
We hold our position for targets with revised stoploss of 12200 (future level) cost to cost.
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