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BANKNIFTY

Bank Nifty: I will only focus on my trade plan21300-21850 is a major supply zone in Hourly, Weekly, and Monthly chart. On the downside support @ 20450 and demand zones @ 19700-19800 and 19100-19250. As expected Bank Nifty will open gap down and I don't know how many points it will open in negative. After a gap down it may bounce or it may go down further. I am not that much smart. So I will focus on the screen, not on my emotions. I will sell OTM calls. I will decide the time and strick price once the market will open. According to these zones if I will get a good risk to reward trade and if there will be any possibility for the follow through on the downside then I may take a short position in FUT. I will update my trade in this post. Thank x
NSE:BANKNIFTYEducation
by Swapilchoksi
AXIS Bank Results tradeOn breakout trigger buy Any reversal at resistance trigger sell #AxisBank RESULT OVERVIEW: 🟢 Net Income: ₹10,793 Cr (+17% ▲) 🟢 Net NPA: 1.56% (-50 bps ▼) 🔴 Net Profit: -₹1,388 Cr 🔴 CASA: 40.4% (-270 bps ▼) 🟢 Advances: ₹5,59,122 Cr (+15% ▲) 🟢 Deposits: ₹6,14,419 Cr (+17% ▲) 🟢 Balance Sheet: ₹9,15,164 Cr (+14% ▲) 🔸Overall the results look positive as the bank has mostly reported a healthy growth on most parameters. 🔸The asset quality of the bank has improved. 🔸The net loss reported is mainly due to the provisions and one-time tax adjustments. 🔸Axis Bank GDR is trading at +10% after the Q4-FY20 results. 🔸We can expect a similar move in the Indian markets tomorrow. 🔸The GDR up move indicates that the markets have received the results on a positive note.
NSE:AXISBANKEducation
by ProjectWealth
Bank Nifty: Trading Plan and Demand and Supply Zone. Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option selling zone for me. I will avoid taking a trade-in FUT in this yellow zone.
NSE:BANKNIFTYEducation
by Swapilchoksi