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DSKF16
Aug 26, 2017 1:26 PM

Comparative Study: BANKNIFTY, CNXPSUBANK & NIFTYPVTBANK Long

Nifty Bank IndexNSE

Description

All plotted & analyzed on chart.

Conclusion:-
BANKNIFTY': UP Trend.
CNXPSUBank' index: UP trend
NIFTYPVTBANK' index: Flat.
BNF Future intraday Levels & spot levels will be published later in another post.

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Stocks looks good (+VE Bias) in PSUBank index: ALBKEQ, UNIONBANKEQ,

Correction: Comparative Study: BANKNIFTY, CNXPSUBANK & NIFTYPVTBANK
Comments
GauravPatil
Thank You! This is very helpful.. I believe that the BANKNIFTY uptrend will resume when it starts closing above 24000, then 25000 and 25250 breakout becomes easy!
DSKF16
@GauravPatil, Watch daily level chart of spot & future (only Levels), published later.
sorathiya06
@DSKF16, any jacport buy or sell call ??? I take posssison only one week
GauravPatil
@sorathiya06, Watch out for Vedanta (VEDL)!
sorathiya06
@GauravPatil, buy side or sell side
GauravPatil
@sorathiya06, Buy side!! The stock is in a impressive UPTREND, only because of market correction it fall below 300! The Metal sector is also shinning with the rise in demand and price. So, stocks like Vedanta and Hindalco are great buy! Vedanta Stop Loss 274 and target is 325 to 340 for short term, but if you are looking for long term, then it's a 1000+! Keep it in your watch list, because nifty is yet to resume uptrend!
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