Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose.
Bank Nifty took the leadership and broke the previous top. ICICI Bank has posted good numbers on YoY. Net profit up 50%, NII up 20.8%. Overall, Banking sector is looking strong. I am surely looking for buy on dips opportunities in coming days. Bank Nifty may remain side ways till US Fed and RBI interest rate hikes in coming days.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Bank Nifty took the leadership and broke the previous top. ICICI Bank has posted good numbers on YoY. Net profit up 50%, NII up 20.8%. Overall, Banking sector is looking strong. I am surely looking for buy on dips opportunities in coming days. Bank Nifty may remain side ways till US Fed and RBI interest rate hikes in coming days.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2