–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 »
As discussed in Last analysis Bank Nifty closed above 19252 suggesting move till 19666 on cards till 19252 is held. Break of 19252 will lead fast move towards 19000 and below it 18750, Bank Nifty continue to hold 19252 as low made today was 19322. As Today our PM did Surgical Strike on Black Money … Read More »
Summary of the important announcement : 1. Black money issue, 500 rupees and 1000 rupees banned from Midnight. 2. ATM’s wouldn’t wouldn’t work on 9th and 10th November. Rather the withdrawal limit is Rs. 2000 only. 3. All Residents have option till 30th December 2016, to deposit their existing cash balance of 500 and 1000… Read More »
Engineer India Positional Traders can use the below mentioned levels Close above 256 Target 267 Intraday Traders can use the below mentioned levels Buy above 252 Tgt 254, 256 and 258.5 SL 250.5 Sell below 247.4 Tgt 245.4,243.5 and 240 SL 249 Infosys Positional Traders can use the below mentioned levels Close above 990 Target… Read More »