Last Week we gave Bank Nifty Trend Deciding level as 12922 ,stopped out on upside and achieved 2 downside targets. RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 13355 ,stopped out on upside and achieved all downside targets. Bank Nifty has made a fresh lifetime high of 13414 but was not sustainable on upside and gave way for profit booking as soon it start trading below our trend changer levels. So lets discuss… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12800 and it did 2 target on downside and achieved all upside targets. Bank Nifty has made a fresh lifetime high of 13355 and closed above its previous life time high of 13303 on Nov 2010 As discussed in Nifty Weekly Analysis, Nifty gave a… Read More »
Bank Nifty Hourly Bank Nifty has been facing resistance at 50 Hourly SMA @12585.Holding 12361 upmove till 12585 can be seen. Bank Nifty Daily Bank Nifty has broken the up trending channel and took support at upper gap area of 12363, Holding 12363 one more attempt to cross and close above 1283 will be made… Read More »