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BANK

PSB BANK IS POISED TO TOUCH NEW HIGH SOON SPOT 31.95Based on its status as a government-owned bank in India, Punjab and Sind Bank presents an attractive opportunity for investors. The bank offers a comprehensive suite of banking and financial services, including deposit accounts, loans, credit cards, and investment products. With its extensive network of branches across the country, Punjab and Sind Bank enjoys a strong presence, particularly in the state of Punjab. Considering the bank's government backing and its diversified range of services, I recommend a buy rating on Punjab and Sind Bank with target price of 44 rupees whichis aprox 40 percent higherr from here . The government ownership provides a sense of stability and confidence, while the bank's extensive branch network allows for widespread accessibility and customer reach. Furthermore, the bank's range of financial services positions it well to cater to the diverse needs of its customers. Investors looking for exposure to the banking sector in India can benefit from Punjab and Sind Bank's potential for growth and stability. However, it's essential to conduct further research and analysis, considering factors such as financial performance, industry trends, and market conditions, before making any investment decisions. Consulting with a qualified financial advisor is also advisable to align the investment with individual risk profiles and investment objectives.
NSE:PSB
by EasyLife_Advisor
2
Abu Dhabi Commercial Bank in complex correction.ADX:ADCB I think Abu Dhabi Commercial Bank is near end of it's bearish trend. It's a triple three complex correction. which is wave WXYXZ form and I think it's in wave Z. Abu Dhabi Commercial Bank is near the end of bearish trend and soon stock will start moving up. To complete the triple three complex correction in this stock price has to go below 7.63 which is bottom of wave Y. Target: - 1) Below wave Y which is 7.63 2) Control line or middle line of parallel channel. 3) Orange Bottom Bearish trend line which I joined first point from wave W and second point wave Y.
ADX:ADCBShort
by swaaapnil
Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally. However Can the momentum continue without a decrease in Open Interest? FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr Important levels which may act as Support and resistance for the day Imp levels on the upside: 19865 / 19890 / 19922 Imp levels on the downside 19705 / 19682 / 19640 The zone of 19640-19682 is going to be very important for the Oct series. Take care & safe trading...!!! Like and Follow
NSE:NIFTY
by indiamarketoutlook
9th Oct ’23 - War news breaks support of BankNifty PostMortem BankNifty Analysis On Friday I changed my stance from bearish to neutral since we had a strong performance. We pushed through the 44068 resistance and maintained those levels. But today we dropped below that and even closed lower. Notice we took out the 44068 level in the opening 5mts candle itself. From there we hit a new swing low of 43796 and then recovered all the way up to 44068 before falling again. Sometimes the best technical indicator that is available is the support/resistance line. If BankNifty was really having good bullish strength - it would have cut through the resistance. A fall really shows weakness. On the 1hr TF BankNifty came from a double top formation and then made an isolated down day. Followed by 2 isolated up-days. Today we have another isolated down day that tested a new swing low. 43755 and 43603 levels are beneath - but not sure if we could stop there if the fall is mainly due to global macros. Since we have broken the support today, my stance will be bearish for tomorrow. Just think - why are the banks falling? No way they would have sanctioned loans to the firms in Israel right? My wildest guess is that there could be many firms that have strong business relationships with Israel, and those companies may have a higher debt:equity ratio. I am quite sure the details of exposure will come out within the next week. Are the risks evenly balanced - I guess not.
NSE:BANKNIFTYShort
by viswaram
1
Bank Nifty For tomorrow analysis **Technical Analysis for Bank Nifty - October 6, 2023** **Support Levels:** 44100, 43995 **Resistance Levels:** 44414 **Overall Analysis:** The Bank Nifty is expected to trade in a range tomorrow, with support at 44100 and 43995, and resistance at 44414. The index is currently trading in a range between 44000 and 44400, and it is likely to remain within this range until there is a clear breakout to either side. If the market breaks above 44414 and closes with a bullish green candle, then it could lead to further upside movement towards 44600 and 44800. However, if the market breaks below 43995 and closes with a bearish red candle, then it could lead to further downside movement towards 43800 and 43600. **Trading Strategy:** * **Bullish Traders:** Buy above 44414 with a stop loss below 44360 and a target of 44600. * **Bearish Traders:** Sell below 43995 with a stop loss above 44050 and a target of 43800. **Risk Management:** * It is important to always use risk management techniques when trading, such as stop-loss orders to limit your losses. * It is also important to trade with a small percentage of your capital on each trade. **Disclaimer:** This is just a technical analysis and does not constitute financial advice. Please do your own research before making any trading decisions. **Additional Analysis:** The Bank Nifty is currently trading below its 200-day moving average, which is a bearish sign. However, the index is also trading near its support at 43995. If the index is able to hold above this support level, then it could lead to a bounce back towards its resistance at 44414. Traders should watch the price action around the support and resistance levels mentioned above. If the market is able to break out of either of these levels, then it could lead to further movement in the direction of the breakout.
NSE:BANKNIFTYLong
by santubittu
13 Sep ’23 Post Mortem on Nifty - Cautiously BullishNifty Analysis Recap from yesterday: “I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow — I wish to go short (bearish).” . I did not get into any new long position in Nifty, in fact I rolled up the PE to 19900 from 19800. The rally momentum is not lost, its just that we had a blip yesterday. Seems like Moneycontrol got the reason for the huge cut on Midcaps and Small caps yesterday - Talk of basket selling by European financial services firm fuels meltdown in mid, small-caps Nifty50 rallied 0.7% ~ 139pts vs Midcap +0.12% & SmallCap +1.02%. Has some money rotated and re-entered the large caps? The reason I did not go long today - The swing high of 20110 still not taken out. Meanwhile its still a win for the bulls as the final close is above 20000 levels. On the 1hr chart Nifty50 is looking all the more positive and raring to go. I too wish to go long with downside protection via PUTS. The swings in options prices were crazy and the volume of put writing was intense suggesting more traders are betting on the bullish side. I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.
NSE:NIFTYLong
by viswaram
Nifty 50 Daily Analysis - Day time frameThe Nifty index has found support at the 19500 level and is currently displaying a bullish trend. Based on historical price patterns, resistance levels are observed at 18850 and 20000. The recent combination of trading volume and price movement over the past three sessions suggests the possibility of the Nifty reaching its all-time highs in the next 3-4 trading sessions. However, given the current weakness in the banking sector, there may be some testing of the 20000 level, and the potential for reaching new highs by the beginning of October also depends on favorable global market conditions.
NSE:NIFTYLong
by tradeGambler
Bullish Bank NiftyAs Per data And Chart Market Bullish We said that yesterday market have big resistance 44500 and today market open Gap-up above this levels then market fall 44330 Market Took Support and break again 44500 and close above this . Tomorrow we may see a good bullish move in the market in Downside To Many Support Zone If Market Again Act like Bearish Then Don't Trade until break 44300. For Upside If Market Trade Above 44700 then Buying Side Move Possible. WE Don't Know Where Market open But For Upside 44700 is a resistance if market open above this then market took support or immediate rejection in downside then 44500/44600 Act Like a Support and market Move Upside
NSE:BANKNIFTYLong
by santubittu
Banknifty daily analysis for 25/08/23.Banknifty has given a flat closing after a gap up opening of more than 200 points and unable to close above the 20 ema. On the hourly charts, there was a sell off after the first hour candle and the trend continued and started trading below 200 ema in the second half. Dow Jones is also trading in red. Indian market may also be bearish in short term. The market has closed between both the moving averages on 15 minute charts. Banknifty has given a nice rally and looks stronger than nifty. Support :- 44450, 44310, 44100 Resistance :- 44900, 45080 Market tried to touch 45000 but the seller took market 500 point down from day's high. There are support for market and if the last support level 43580 is breached in the coming week, there are high chance of market carrying a bearish trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
IMPORTANT EXPECTED INTRADAY LEVELS FOR THE WEEKNSE:BANKNIFTY DISCLAIMER: DO NOT CONSIDER THIS ANALYSIS AS AN INVESTMENT OR FINANCIAL ADVICE.THIS ANALYSIS IS MADE FOR EDUCATIONAL PURPOSE ONLY. We have seen Banknifty in a bearish mode since past three weeks and there might be a probability that it can provide us some bullish movement this week. There is a good opportunity for Bulls to enter from the lower levels. Since we know that market movements are based on probability so we need to be prepared for both bullish and bearish movements. Keeping that in mind i've marked all the Probable bullish as well as bearish movements for the week. I will keep this post updated throughout the week and if i find some important pattern or levels during the day i will update it in the MIND section, do subscribe to keep yourself notified with the latest updates.
NSE:BANKNIFTY
by prachitv1