Nifty

Are you trapped on longs at 8800?

Markets had lots of buzz in last 10 days, starting from a Surgical strike, World War and Deutsche bank bankruptcy but that was in line of “Technical charts expectations”. Recent high on Nifty at 8806 was exactly where i expected in my last post on 29th September  at Bulls got their return ticket confirmed! Strategy suggested was : Now if you are …

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Nifty Bank

Rate cut expectations to give relief Rally

Banks Tanked like hell last week and i hope you guys earned full of it as i intimated the same on 23rd Sept in my post:  Banks are About to Tank! Though my downside target 19200 was achieved easily but thats not the end of downside rather its just the beginning. Nifty Bank breached a upside channel on weekly charts which was …

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Nifty

Bulls got their return ticket confirmed!

Today was one of the most interesting expiry end of my career! It feels good when you have initiated call against 90% of the public on D-street and you get in right in just last 3 hours of trade. Had been betting on bears since mid expiry but wasnt get it right until today when …

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SBI Stocks

SBI may not be lender of last resort for Bulls now!

Banking Sector was on a dream run since February and out-performer amongst them were PSU Banks. State Bank of India (SBIN) which has weight age of 9.48% on Nifty Bank had always be a lender of last resorts for longs in this dream run since February but now it may not be the last resort for Bulls as its about to give …

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Nifty Bank

Banks are About to Tank!

Markets had been quite volatile this week on various statement awaiting from BoJ and FED but still Index charts are looking weak as i explained in my last post on Nifty. Though we have seen strong stock specific buying in Mid-cap sector and some front-line stocks too but the main pillar of Indian markets, Nifty bank (Bank Stocks), have …

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Nifty

Reason would be just a confirmation!

Volatility has been peaking since last few sessions, not just in India, but around the world. This brings some fear among traders. If we talk about some crucial factors signing a massive move ahead are: 1) Cash Portion avg in US Mutual fund is at 5.5% which is near to the same level it was in 2008 just before …

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Nifty

Upcoming “star” on D-street?

Finally it seems, Nifty has given a sell sign on Weekly charts after many months. In my last post “Behind Enemy Lines” , i mentioned to go short below 8720 level and we have seen for two sessions that we traded below the same level giving her intentions of further move. Though it doesnt mean we are going to …

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Nifty

Behind Enemy Lines

Nifty has been in a strong up-move with liquidity around the world flowing inside the markets which has been just supported by improving fundamentals. To say , last rally can be accredited to liquidity while still a long term fundamental move is yet undone. Since February we had seen a complete game in hands of …

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Nifty Bank

“Bank” your profits!

Nifty banks has given tremendous run in recent time and has out-performed Nifty in last two expiry. Stock specific movement in banks had led this divergence. To take some names, PSU Banks gave a strong short covering on weekly charts after two years of under-performance until Budget day this February. Still many PSU Banks are showing signs of a …

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Nifty

Finally out of Congestion!

Finally Nifty has closed convincingly above my first tgt 8720 given on 20th July in my post: “Why Closing is important“!  And Now since my longs initiated on 14th July around 8370 at: “Time for Investors to be Active“, i would recommend to book 50% profit on trading longs!! Though after such a breakout from the consolidation pattern, my new target …

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