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 »
Last Week we gave Bank Nifty Trend Deciding level as 12363 and it did 1 target on downside and achieved all upside targets. As discussed in Nifty Weekly Analysis, Nifty gave a breakout but Bank Nifty will give only above 12800, So lets discuss how to trade Bank Nifty in coming week. Bank Nifty Hourly… Read More »
Bank Nifty will be on Radar as 3 may we have our RBI policy. We have 3 great triggers. First is fall in inflation. Second is fall in commodities prices and third a positive MOM IIP data. Market has definitely factored in 25 Bps rate cut and so if we have a 25 bps cut… Read More »
Bank Nifty has been outperforming Nifty on downside also with fall of 326 points last week.With economy slowing down Bank will be the first to bear the brunt of slow down. Next week will keep financials in focus as December IIP data on Tuesday and January wholesale price index (WPI) inflation figure on Thursday will… Read More »
December Expiry came and Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… Read More »
RBI policy came but Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… Read More »
RBI policy is on 18 Dec and decision on rate cut will be out. bank Nifty is on a crucial juncture of make or break level of 12450. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very… Read More »