HAPPY REPUBLIC DAY 🇮🇳
Today we will study ratios for analysing any banking/ non- banking stock.
Key Ratios are -
1. Net Interest Margin (NIM)
2. Provision Non Performing Assets (PNPA)
3. Loan to Assets Ratio
4. Return on Assets Ratio (ROA)
5. Capital Adequacy Ratio
6. Gross NPA
7. Net NPA
8. CASA Ratio
9. Cost to Income ratio ...
Bank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If...
In Daily Time Frame it has come into the PRZ of Harmonic Trading Patterns. Bullish AB=CD as well as a Bullish Reciprocal AB=CD. In Weekly Time Frame it has come to the strong support of an Ichimoku Kumo. Both appear to be in line between yesterday's low and 1120. It could retrace back to 1200-1225 if the support levels are respected.