HDFC Positional Traders can use the below mentioned levels Close above 1220 Target 1250/1270 Intraday Traders can use the below mentioned levels Buy above 1220 Tgt 1227, 1237 and 1245 SL 1215 Sell below 1208 Tgt 1202,1192 and 1180 SL 1212 Ibulls Housing Positional Traders can use the below mentioned levels Close above 684 Target… Read More »
As discussed in last analysis Now Bulls need a close above 18721 for a move towards 19000/19300. Bears will get active only on close below 18250 for a move towards 18000/17800. Bank Nifty was unable to move above 18721 and bears unable to close below 18250,in between choppy move will continue, Close above 18721 can… Read More »
As discussed in last analysis Now range of 18300-18250 is important as its gann number and also gann angle so holding this we can see relief rally till 18625/18800. Bearish below 18250 for a move towards 18000/17800 . Low made today was 18322 near the gann angle and high made was 18650 which was near… Read More »
–wrote Akash Prakash Very Nice Well Thought Article by Mr Akash Prakash What is clear is as follows: 1. Banks will benefit, as much of this ₹ 15 lakh crore in currency will get deposited. Even if only 10 % remains with the banks it means an incremental ₹ 1.5 lakh crore of current and… Read More »
As discussed in last analysis Holding the low of 19000 and close above 19140 on hourly basis bank nifty can stage rally towards 19360/19500/19650. Bearish only on close below 19000 for a move towards 18750/18500. Bank Nifty finally closed below 19000 but still trading near the gann angles as shown in below chart, Next Week… Read More »
As discussed in last analysis Bulls again failed to close above 20300 on weekly basis,but continue to hold our support at 19732. Bulls need to hold 19732-19650 range for another move towards 20000/20232. Bank Nifty was not able to hold 19732 and gave the fall. Today’s low of 19240-19200 is very important support zone as… Read More »
As discussed in last analysis Now Bulls need to close above 20300 for a move above 20500/20907. Bears will get active below 20000 for a target of 19732. Bulls need a weekly close above 20300 as shown in below gann angle chart for a move towards life high. Bulls again failed to close above 20300… Read More »
In presentation by Anand Rathi Securities group on the challenges and effects of demonetization, and am summarizing the points below for your benefit: 1. Immediate impact: is expected to be negative all round: a. In the short term it will be a logistical nightmare to manage the cash replacement in banks and smooth functioning of… Read More »
Reliance Capital Positional Traders can use the below mentioned levels Close Below 490 Target 481/460 Intraday Traders can use the below mentioned levels Buy above 496 Tgt 500.5, 505 and 510 SL 492 Sell below 487 Tgt 482.5,477 and 472 SL 491 Motherson Sumi Positional Traders can use the below mentioned levels Close below 314… Read More »
As discussed in last analysis Bulls need a close above 19600 for a move towards 19732/19900/20200. Bears will get active below 19350 for a fast move towards 19252/19000. Gann Support gave such a big rally of 2140 point in matter of 2 trading days. Bank Nifty opened gap up above 19787 and fired up as… Read More »