Nifty Bank

NiftyBank travelling between Trend lines.

What is Nifty Bank Index? Nifty Bank which represents the 12 most liquid and large capitalised stocks from the banking      sector which trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a benchmark that captures the capital market performance of Indian banking sector. Current Take on the charts Nifty bank …

Continue Reading
Nifty Bank

You feel enough for Banking Stocks?

Banking stocks are on a Dream run! PSU banks which were neglected by most of the traders gave whooping returns overnight on the news of Bank recapitalization by our Finance minister. After such a quick returns, you would be feeling its enough for Banking Stocks?… “I Believe its just the new beginning” Fundamentally many banking …

Continue Reading
Nifty Nifty Bank

Is Doji Indicating a false breakout?

Nifty managed to close above 9500 for the second day which made some traders over confidence for some more long trades…but STAY CAUTIOUS! In my last post (Range volatility expected but find sector specific moves) i mentioned to WRITE  9200 PE and 9500 CE , surely you might be in loss for M2M in CE writing but wait.  Open interest …

Continue Reading
Nifty Bank

Still some more time to have trust in PSU Banks

Markets had been pretty range bound since the UP election results were out in mid-march, but finally we gave a breakout today and closed at new life highs. Who has led the breakout? Banking Sector! So lets talk about Nifty bank in my today’s post. As we all could notice in the Daily chart of Nifty …

Continue Reading
Nifty Bank

Nifty Bank approaching “Line of Control”

Nifty Bank has seen sharp short covering after under performing in the month of December. Prior to December it had out-performed ..So during this Rock-n-Roll one level which acted a pivot was 19068 as marked horizontal in the graph over which Bull’s will get control over the markets.  So as we could all mark that since last July, 19068 level has played …

Continue Reading
Nifty Bank

A bit more before a breakdown?

In recent past, Nifty has been quite volatile but Nifty Bank Index has shown some steady growth from 18900 to 19700 levels. One common characteristic of charts of both nifty and nifty bank is that both are channeling in downside direction and have closed exactly near to resistance line yesterday. Now what next?? Surely havent yet got any confirmation for more upside on Nifty but …

Continue Reading
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 …

Continue Reading
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 …

Continue Reading