AXISBANK
Positional View of Nifty50 Stocks for 24-11-20ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position is Sell, sold on 2020-11-19 at 619.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if AXISBANK closes above 604.50
BAJAJ-AUTO - Current Position is Buy, bought on 2020-11-20 at 3034.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJ-AUTO closes below 3064.18
BAJAJFINSV - Current Position is Buy, bought on 2020-11-02 at 5601.40. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJFINSV closes below 8474.17
BAJFINANCE - Current Position is Buy, bought on 2020-11-20 at 4589.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJFINANCE closes below 4710.88
BHARTIARTL - Current Position is Sell, sold on 2020-11-23 at 478.57. Action for Next Trading Day: Continue SHORT and reverse to LONG if BHARTIARTL closes above 481.47
BPCL - Current Position is Buy, bought on 2020-11-23 at 389.94. Action for Next Trading Day: Continue LONG and reverse to SHORT if BPCL closes below 387.49
BRITANNIA - Current Position is Buy, bought on 2020-11-19 at 3503.92. Action for Next Trading Day: Continue LONG and reverse to SHORT if BRITANNIA closes below 3548.40
CIPLA - Current Position is Buy, bought on 2020-11-23 at 741.65. Action for Next Trading Day: Continue LONG and reverse to SHORT if CIPLA closes below 744.55
COALINDIA - Current Position is Buy, bought on 2020-11-23 at 122.74. Action for Next Trading Day: Continue LONG and reverse to SHORT if COALINDIA closes below 121.23
DIVISLAB - Current Position is Buy, bought on 2020-11-20 at 3442.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if DIVISLAB closes below 3517.27
DRREDDY - Current Position is Buy, bought on 2020-11-23 at 4707.09. Action for Next Trading Day: Continue LONG and reverse to SHORT if DRREDDY closes below 4786.47
EICHERMOT - Current Position is Sell, sold on 2020-11-19 at 2566.10. Action for Next Trading Day: Continue SHORT and reverse to LONG if EICHERMOT closes above 2621.47
GAIL - Current Position is Buy, bought on 2020-11-20 at 93.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if GAIL closes below 99.61
GRASIM - Current Position is Sell, sold on 2020-11-23 at 853.16. Action for Next Trading Day: Continue SHORT and reverse to LONG if GRASIM closes above 859.10
HCLTECH - Current Position is Buy, bought on 2020-11-20 at 813.95. Action for Next Trading Day: Continue LONG and reverse to SHORT if HCLTECH closes below 831.48
HDFC - Current Position is Sell, sold on 2020-11-19 at 2336.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if HDFC closes above 2273.47
HDFCBANK - Current Position is Buy, bought on 2020-11-20 at 1383.93. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCBANK closes below 1382.33
HDFCLIFE - Current Position is Buy, bought on 2020-11-20 at 657.11. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCLIFE closes below 649.40
HEROMOTOCO - Current Position is Buy, bought on 2020-11-23 at 3024.60. Action for Next Trading Day: Continue LONG and reverse to SHORT if HEROMOTOCO closes below 3038.20
HINDALCO - Current Position is Buy, bought on 2020-11-23 at 217.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDALCO closes below 215.74
HINDUNILVR - Current Position is Buy, bought on 2020-11-23 at 2140.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDUNILVR closes below 2121.32
ICICIBANK - Current Position is Sell, sold on 2020-11-19 at 490.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if ICICIBANK closes above 473.75
INDUSINDBK - Current Position is Buy, bought on 2020-11-23 at 836.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INDUSINDBK closes below 826.28
INFY - Current Position is Buy, bought on 2020-11-20 at 1106.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INFY closes below 1128.79
IOC - Current Position is Buy, bought on 2020-11-23 at 85.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if IOC closes below 85.92
ITC - Current Position is Buy, bought on 2020-11-19 at 185.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ITC closes below 189.49
JSWSTEEL - Current Position is Buy, bought on 2020-11-20 at 332.97. Action for Next Trading Day: Continue LONG and reverse to SHORT if JSWSTEEL closes below 334.13
KOTAKBANK - Current Position is Buy, bought on 2020-11-17 at 1788.44. Action for Next Trading Day: Continue LONG and reverse to SHORT if KOTAKBANK closes below 1879.03
LT - Current Position is Buy, bought on 2020-11-17 at 1077.15. Action for Next Trading Day: Continue LONG and reverse to SHORT if LT closes below 1109.36
M&M - Current Position is Buy, bought on 2020-11-17 at 639.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if M&M closes below 688.33
MARUTI - Current Position is Sell, sold on 2020-11-19 at 7019.66. Action for Next Trading Day: Continue SHORT and reverse to LONG if MARUTI closes above 7030.57
NESTLEIND - Current Position is Buy, bought on 2020-11-19 at 16858.21. Action for Next Trading Day: Continue LONG and reverse to SHORT if NESTLEIND closes below 17567.85
NTPC - Current Position is Buy, bought on 2020-11-19 at 89.27. Action for Next Trading Day: Continue LONG and reverse to SHORT if NTPC closes below 92.47
ONGC - Current Position is Buy, bought on 2020-11-23 at 72.06. Action for Next Trading Day: Continue LONG and reverse to SHORT if ONGC closes below 75.19
POWERGRID - Current Position is Buy, bought on 2020-11-19 at 185.54. Action for Next Trading Day: Continue LONG and reverse to SHORT if POWERGRID closes below 193.14
RELIANCE - Current Position is Buy, bought on 2020-11-23 at 1951.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if RELIANCE closes below 1933.71
SBILIFE - Current Position is Sell, sold on 2020-11-19 at 852.92. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBILIFE closes above 838.40
SBIN - Current Position is Sell, sold on 2020-11-19 at 247.80. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBIN closes above 243.68
SHREECEM - Current Position is Buy, bought on 2020-11-20 at 23827.30. Action for Next Trading Day: Continue LONG and reverse to SHORT if SHREECEM closes below 24088.44
SUNPHARMA - Current Position is Buy, bought on 2020-11-23 at 505.05. Action for Next Trading Day: Continue LONG and reverse to SHORT if SUNPHARMA closes below 510.06
TATAMOTORS - Current Position is Sell, sold on 2020-11-19 at 168.34. Action for Next Trading Day: Continue SHORT and reverse to LONG if TATAMOTORS closes above 175.06
TATASTEEL - Current Position is Buy, bought on 2020-11-03 at 407.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if TATASTEEL closes below 533.22
TCS - Current Position is Buy, bought on 2020-11-19 at 2637.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TCS closes below 2707.88
TECHM - Current Position is Buy, bought on 2020-11-20 at 829.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TECHM closes below 855.33
TITAN - Current Position is Sell, sold on 2020-11-23 at 1344.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if TITAN closes above 1359.78
ULTRACEMCO - Current Position is Buy, bought on 2020-11-20 at 4812.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ULTRACEMCO closes below 4842.51
UPL - Current Position is Buy, bought on 2020-11-20 at 418.79. Action for Next Trading Day: Continue LONG and reverse to SHORT if UPL closes below 423.57
WIPRO - Current Position is Buy, bought on 2020-11-20 at 344.41. Action for Next Trading Day: Continue LONG and reverse to SHORT if WIPRO closes below 353.71
Worried about the axis bank trade ?don't do so! how many patterns could you find in axis bank?
there are many patterns that I founded :)
these patterns are giving a big contribution of the uptrend.
guys this will give you so much returns!you should definitely enter in this stock :)
guys you can follow me for everyday profits!My ideas are really profitable load new bars and check...
my all ideas gave good returns :) this will give too :)
check all the other details in the chart :)
1st TGT is 600 for 15 days.
2nd TGT is 700 for this stock.
holding duration is 1 month.
NIFTY BANK Vs PSU Bank Vs Private Bank I was wondering who is pushing the Bank Nifty, so I decided to visualize this by this simple comparison.
The three major PSU banks are compared with the NIFTY BANK there market cap is as follow
3 (25%) PSU banks out of 12 holds 28.05186836 % of NIFTY BANK VALUE.
9 (75%) Private banks out of 12 holds 71.94813164 % of NIFTY BANK.
YoY in % YTD in % 30 mar to 18 Nov in %
BANK NIFTY -5.56 -8.14 57.31
PSU BANK* -41.95 -43.64 6.03
State Bank Of India -25.47 -26.3 31.7
Punjab National Bank -49.1 -52.8 -7.29
Bank Of Baroda -51.28 -51.82 -6.32
PRIVATE BANK** -17.32 -19.41 62.00
INDUSINDBK -42.02 -45.4 96.12
AXISBANK -13.6 -15.58 72.68
ICICIBANK -1.29 -8.21 56.2
HDFCBANK 11.16 9.92 68.91
RBLBANK -32.71 -36.7 47.8
KOTAKBANK 12.16 9.91 42.9
BANDHANBNK -37.12 -29.3 66.43
FEDERALBNK -32.51 -33.8 45
IDFCFIRSTB -20 -25.6 62
*Average of PSU banks included in NIFTY BANK only
** Average of Private banks included in NIFTY BANK only
(YoY) in % YTD in % 30 mar to 18 Nov in %
BANK NIFTY -5.56 -8.14 57.31
PRIVATE BANK** -17.32 -19.41 62.00
PSU BANK* -41.95 -43.64 6.03
Where BANK NIFTY is down by 5.5% PSU BANK* is down by 41.9% on YoY basis.
After 30 march 2020 where BANK NIFTY is up by 57.3% PSU BANK* is only up by 6% even though PSU banks holds 28.05186836 % of NIFTY BANK VALUE.
It is interesting to see that after 30 march 2020 ,the 28.05 %(%value in Bank Nifty) of 57.3 is 16.7 that means PSU BANKS** contribution in Bank Nifty is lagging by (16.7-6=10.7)10.7%
It is interesting to see that after 30 march 2020 ,the 71.94 %(%value in Bank Nifty ) of 57.3 is 41.24 that means Private BANKS** contribution in Bank Nifty is leading by(62-41.24=20.76) 20.76%
With the above observation it is clear that at least PSU banks included in NIFTY BANK are the ultimate underperformers and the move of NIFTY BANK is solely because of the Private banks in NIFTY BANK in the last two years
Data Taken from nseindia official website.
Let me now what's your take on the above observation in comments and also comment about such bad performance of PSU banks.