Search in ideas for "yes bank"
Yes bank - BuyDaily candle in Yesbank is making higher high and higher low. Buy Yesbank - 1150 target 1200 with stoploss 1140. Happy Trading! in.tradingview.com
Yes Bank Ltd "short" :-Bearish candlestick
:-Resistance
:-Falling Wedge
:-Overbought stoch and crossover
:-Good R.T.R
Yes Bank- Above 1250 Flag Activates Likely we are travelling in B-Wave from 1449 top- which has completed A-Wave@1155 lows- Now we are travelling into B-Wave which is incomplete looks like it will subdivide itself into smaller a-b-c move.
Trading opportunity
There is flag forming -once it moves above 1250 -one can take 61.8% distance of the pole which is shown as blue line before flag as a target or equality target of that pole.
61.8% comes to the zone 1270-1275 & equality distance comes to 1300-1310
Regards,
Abhishek H. Singh, CMT
Bank Nifty Analysis June 27 2024 TRADE WITH CAUTIONLast Analysis Review: From my previous Bank Nifty analysis on June 26, 2024, we observed that “Scenario 2” (Sell if we see a strong resistance between 52900 - 53000) partially played out accurately. Now, let’s delve into the current scenario.
Analysis: June 27, 2024
Short-Term View:
Again Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation.
Strong move is expected above 53000 or below 52349 in coming days
Long-Term View:
Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout.
With price consolidation between 52350 - 53000 we can see a break out on either side.
We may expect a fake breakout above 53000 considering Budget 2024 around the corner.
Banking News
POSITIVE NEWS
SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon
Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor Das
ICICI Bank surpasses UBS to become 18th largest bank globally
NEGATIVE NEWS
Yes Bank restructures workforce, lays off 500 employees in cost-cutting move
Farm loan waivers to negatively impact banks' asset quality: Macquarie
T rading Scenarios:
Scenario 1 (Gap Up):
If Bank Nifty opens above or around 52,900, watch for resistance at 53,000.
Consider buying above 53,000 with caution.
Scenario 2 (Gap Down):
If the price opens between 52,700 and 52400, Wait till it break strong support at 52360 on 30 Min time frame. With tight stop loss consider buying if price respects the support region.
Sell if a strong breakout is seen below 52349, use a tight stop loss.
Scenario 3 (Flat):
Wait until BankNifty breaks previous day high or low on 30 minute time frame before going long or short. You can take small trade if you see BankNifty range bound movement between 52400 - 52900.
But a strong move is expected above 53000 or below 52349 in coming days
✅ Bank Nifty Support and Resistance Levels:
Intraday Resistance Zone: 52,700 - 53000
Intraday Resistance 1: 52,700
Intraday Resistance 2: 53,000
Intraday Resistance 3: 53,500
Intraday Support Zone: 52,349 - 52,460
Intraday Support 1: 52,681
Intraday Support 2: 52,349
Intraday Support 3: 52,000
🔍 Bank Nifty Options to Watch (July 3):
Call Option: 52,700 CE
Put Option: 52,500 PE
Trade wisely and adapt to market dynamics! 🚀📊
#tradenxt
#bankniftyanalysis
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#stockmarketanalysis03july2024
#IntradayTrading
#IntradayCalls
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Nifty Private Bank Index The **Nifty Private Bank Index** is a sectoral index that tracks the performance of private sector banks listed on the National Stock Exchange (NSE) of India. This index serves as a benchmark for investors who want to gauge the performance of private banking stocks within the Indian market. Here are some key details about the Nifty Private Bank Index:
### Components
The Nifty Private Bank Index includes major private sector banks in India. Some of the well-known banks typically part of this index are:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IndusInd Bank
- Yes Bank
- Federal Bank
- RBL Bank
### Criteria for Inclusion
- **Liquidity**: The stocks must have high liquidity and are generally among the top traded in the private banking sector.
- **Market Capitalization**: Companies with larger market capitalization have a higher weight in the index.
- **Free-float Methodology**: The index is calculated using the free-float market capitalization method, which considers only the shares available for trading in the market.
### Purpose
- **Benchmarking**: It serves as a benchmark for mutual funds and portfolio managers who invest in private banking stocks.
- **Market Sentiment**: Reflects investor sentiment and performance trends in the private banking sector.
- **Investment Product**: Used as an underlying index for various investment products like ETFs and index funds.
### Performance
- The performance of the Nifty Private Bank Index is closely tied to the financial health and growth prospects of the private banking sector in India.
- Factors influencing its performance include changes in interest rates, credit growth, regulatory policies, and overall economic conditions.
This index is widely followed by investors and analysts for its role in representing a significant portion of the financial sector in India.
RBL: Target Rs 90Any reason why the drop should only be 20%. I feel absolutely not. It has hallmark of a very badly run bank. Greed is the word I guess. Moneycontrol should be taken to court for spreading lies last night about RJ/RKD stake in the bank. These morons just go scot free everytime becuase SEBI is staffed with nincompoops.
Let it go Yes Bank way and pay the fat bankers Private secttor salraies at Public sector Srrvice.
BANKNIFTY for 17th FebruaryPlease read this post along with my post on Nifty for complete perspective. The supreme court comments on AGR dues of telecom companies triggered a sell off in Banks. According to a credit suisse report, total exposure of Banks to the telecom sector is at around 1.3 lakh crores lead by SBI (34,500 Crs) and HDFC bank (24,520 Crs) and host of other banks. Actually the list is very long and hardly any bank is untouched by this crisis. As percentage of loan book, Debt for Yes Bank and Indusind bank are highest at 2.1 % and 2.0 % respectively. So it remains to be seen what happens next on this front. Banknifty fell massively on Friday due to the supreme court verdict and it looks very difficult that it will bounce back ferociously on Monday. Please check my video posted on youtube under channel name Market Movers India for slightly more exhaustive and analytical content. As it is, due to corona virus outbreak institutions are worried. A very good selling area got created due to fall on Friday which is marked on 15 min chart. As for support or buying area, no such dependable level is seen on charts.
All the best. Happy trading.
Bank Nifty Update Bank Nifty (also known as the Nifty Bank Index) is a stock market index that represents the performance of the 12 most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE) of India. It is a part of the broader Nifty 50 index, which includes 50 of the largest and most actively traded stocks on the NSE.
Key Details about Bank Nifty:
Constituent Stocks: The Bank Nifty index consists of the top 12 banking stocks, which include major private and public sector banks in India. Some of the prominent banks in the index are:
State Bank of India (SBI)
HDFC Bank
ICICI Bank
Axis Bank
Kotak Mahindra Bank
IndusInd Bank
Bank of Baroda
Yes Bank
Federal Bank
Bandhan Bank, etc.
Inverted H&S in Yes BankGood uptick in business performance, next few quarters look in line for growth as well. Inverted H&S target 20Rs.
Investment_ RBL BankNamaste!
RBL Bank has been fell hard, since the change of CEO, correcting about 90% from the all time highs.
According to me, there can be 2 main reasons:-
1. The Market is wondering if the CEO is a idle choice. RBL Bank is a private sector bank, and CEO came from a Public Sector bank.
2. The market is also thinking if this could be next Yes Bank . But, this is a complete different scenario than Yes Bank. You see, in any bank, NPAs are a crucial factor to consider. If there are increased or more NPAs, it hits any bank hard.
In the Yes Bank, Mr. Rana and company has given very big loans to some of the big companies. The companies didn't became successful and didn't earned profit. So they defaulted their loans. And it is called NPAs (Non-performing Assets), or you can say a lost money. . Whereas, it is a very different case in the case of RBL bank, except the opportunity cost (if the new CEO takes more and more time to make and run RBL Bank successfully).
Investment:
Q: What is the investment price?
A: If the price moves at or above Rs 96.35
Q: What if it becomes the next Yes Bank?
A: Don't invest more than 10% of your entire capital. And Never sell it at a loss.
Positional:
Q: Can I take it as a positional trade? At what price?
A: At or above Rs 96.35. SL is Rs 82.35.
Q: What is the target.
A: You can do either of the 3 things. a: 3 times your risk amount (Rs 138.35), b: Rs 153, c: Rs 279.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment and trading carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing and trading.
YESBANK - TREND REVERSAL PATTERN FORMATION NSE:YESBANK
=Rectangle formation after a bear trend indicating short term trend reversal.
Yes bank has witnessed a very long bearish downtrend.
Yes bank has taken a support of lifetime low and its is consolidating heavily around that zone for more than a year
Have given a breakout from rectangle formation on daily timeframe with volume spike.
This might give follow up move in some time
Take small quantity above 15.25 for a swing trade and keep accumulating more on the breakout test zone.
# Have discussed how to trade rectangle pattern refer it for more detail.
Hope you found this helpful and I sincerely hope you find a ton of good rectangle formations to trade-in!
Happy Trading!
Market Report 21.10.21📰🗞📊🔮Market Report🔮📊🗞📰
📈 Market Trend📉 : Corrective mode but good buying pressure to end with 💯
💲 Dollar 💱 :📈 Green.
🛢️Oil Price🛢️: Red .
🏢 Institutional Investors : Neutral 📈
Sold cash and bought options
🟩Nifty Support : 18118
🟥Nifty Resistance : 18197
🟩Banknifty Support : 39684
🟥Banknifty Resistance : 40200
👨💻 Tomorrow’s Plan :
🔰 Institutions playing both hands
🔰US markets positive but warning signs still present. ⚠️☢️⚠️
🔰Buy the dip ✅✅✅
🔰PSU banks out performed
🔰Bank nifty indecisive but strong .🙌🏻
✅™️✅Correction is continuing and critical support of 18200 broken and 18000 was almost tested from where buying resumed. It is very weird to see Bank Nifty showing so much diversion to the Nifty trend and had it fallen along side, there would have been a blood bath.
Given the current scenario, tomorrow market can open gap down with subsequent close in green. Provided bank nifty doesn't come under heavy profit booking. This possibility remains as FIIs have taken huge long position in options.
**Reliance results can have a decisive impact.
☑️©️☑️Asian Paint can be bought between 2600-2800 range.
☑️®️☑️Results on October 22: Reliance Industries, HDFC Life Insurance Company, Yes Bank, Apollo Pipes, Bharat Seats, Crompton Greaves Consumer Electricals, Dodla Dairy, Federal Bank, Gland Pharma, Hindustan Zinc, Inox Leisure, Jubilant Pharmova, Kajaria Ceramics, Kirloskar Ferrous Industries, Kwality Pharmaceuticals, Mahindra Holidays & Resorts India, Omkar Speciality Chemicals, Polycab India, ABB Power Products and Systems India, PVR, Steel Strips Wheels, Subros, Sundaram-Clayton, Supreme Industries, Tata Consumer Products, Tata Elxsi, and Zenotech Laboratories will release September quarter earnings on October 22.
✔️Will update next after premarket 💯✅
✔️Have a great day💯
🇮🇳 JAI BHARAT 🇮🇳
Bank Nifty Outlook for Tuesday, 14th July | 50x InvestmentsBank Nifty Technical Analysis:
Bank Nifty broke the lower trend line of an almost 20-day long rising wedge pattern.
The bears were clearly in control of the market, bringing the index down by 1.38%.
22000, which is the 50% Fibonacci Retracement level, acted as a strong support.
Bank Nifty Driving Factors:
Yes Bank FPO failed to excite market participants despite the deeply discounted offer price.
Most banks and NBFCs ended up deep in the red due to concerns of rising NPAs because of the moratorium
Bank Nifty Outlook for Tuesday, 14th July:
The downward breakout of the wedge seen today was not supported by high volumes and hence a pullback might be seen tomorrow in the form of a gap-up opening.
However, the hourly trend tomorrow post open is likely to be bearish with 21738, the 61.8% retracement level, acting as a strong support.
Earnings expectations will start to reflect in the index as most banks are expected to report Q1 FY21 earnings within the next 2 weeks.
BANKNIFTY for 9th DecemberBanknifty was much more weaker than nifty on Friday. Out of 5 heavyweight constituesnts on BNF, which contribute more than 75% on its weightage, only one Kotak Bank closed in positive (1.52%), HDFC abnk remained flat (0.04%) and remaining three- ICICI Bank, Axis Bank and SBI fell by 0.62%, 1.60% and 4.82% respectively. Yes Bank aand indusindBank too fell massively. All contributed for BNF's fall above1%. It broke more than three strong supports thereby triggering stoplosses. Please check my video posted on youtube under name Market Movers India for slightly
detailed content. One saving grace is that it just dipped below 20 DEMA but closed just above it. If it falls from here then next stop is near 31000. However, I think that after 2 days of massive fall, some pull back is possible. However there is no point buying Banknifty. Sell on rise is mantra. Unfortunately, there are no clear cut Selling levels and hence it will have to be taken as day progresses.
All the best. Happy trading.
BANK NIFTY - FM SPEECH IMPACT!BN HAD A "DOJI" LAST DAY.
IT IS OBSERVED THAT THE BN HAS TARGETS OF 27679 & 28623 IN THE COMING DAYS.
IT IS EVIDENT FROM FM SPEECH, REGARDING FUND RELEASE TO THE BANKS THEREBY INTO THE SYSTEM, WILL HAVE POSITIVE IMPACT FOR THE BANKS.
ALSO, THE YES BANK ALSO STARTED MOVING UP.
WAIT FOR THE TRADING TO BE DONE AT 27,220 LVLS, FOR ENTERING LONG.
bank nifty can slide after touching 25900-950 to 25400-200 !!i feel that bank nifty as opened gap up today and all psu gaining and seem overbaught a profit booking as well as private bank looking weak ,
sppecially kotak and yes bank as well as hdfc too ,
i think it should come down to 25400- 200 levels on or before expiry!!!
Banknifty Possible Trade for Friday Banknifty Support and Resistance For Day Trading 17 feb 2023
Support Zones
Frist Support Level For For Long Banknifty - 41645 -41690
Second Support Level For Long Banknifty - 41240 - 41280
Third Support Level For Long Banknifty - 40760 - 40800
Resistance Zones
First Resistance Level For Short Banknifty - 41920 -41970
Second Resistance Level For Short Banknifty - 42235 -42275
Third Resistance Level For Short Banknifty - 42675 -42700
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis – 41700
PCR ratio as per Option Chain Analysis – 0.76 ( Bullish )
Major Support as Per Banknifty Open Interest Analysis – 40800
Major Resistance as Per Banknifty Open Interest Analysis – 42300
Conclusion For Next Trading Days
Bankifty is given Bulish Move Rejected From Budget Day High , If closes above Budget Day High ,then you can go long with Stoploss of budget day High
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short Banknifty at every Resistaance and Book Profit Near Support Zone
Adani Group issue is major concern for market for now .
Stock Market Confirm News
Edelweiss Mutual Fund raises stake in Yes Bank shares in Jan 2023
Govt cuts windfall tax on crude oil, ATF, export of diesel
Indian Railway Finance Corporation (IRFC) stock of Indian Railways fell 2 per cent , It is a Finance Providing Company for Indian Rail .
BANKNIFTY for 14th JanuaryPlease read this post along with my post on Nifty to get complete perspective. Very rarely we see that Nifty and Banknifty (BNF) are moving in opposite direction. Today we saw that divergence and probably tomorrow too, we may see that again. Nifty made HH (Higher High) and HL (Higher Low) candle on daily chart whereas Banknifty made LH and LL candle with open price =high price – such is the bearishness in BNF. Please check my video posted on youtube under channel name Market Movers India for slightly more analytical content. BNF, it seems has taken support at 20 DEMA, but tomorrow if the trend continues, it may breach that. Yes Bank was weaker right from morning and indusind bank presented weak results due to which it started falling after initial euphoria. Among other constituesnts too, only HDFC looked stronger throughout the day. Due to continuous downward movement, there are no buying areas in BNF but only selling areas. I have marked 2 such S.A. on 15 min chart for tomorrow.
All the best. Happy trading.
Is it an end of the Indiabulls Housing Finance Ltd. ?Is it a co-incidence or the NSE is already well-versed with the IndiaBulls Housing Finance Ltd. Once it was out from Nifty 50 Index, the Stock has turned into a falling knife.
With Laxmi Vilas Bank (merger declaration & PCA release by RBI).. the stock has turned out to be another wealth destroyer for the investors.
Be Cautious. on Technical Front the stock has lost all its support level and showing the end of era of the company. Besides, on fundamental sides,
the company has exposure to banks like HDFC Bank, SBI Bank, Yes bank and other prominent banks which can lead the entire index to fall further. The connecting dots of LVB and Indiabulls will soon reveal lots of unpaid debts & interest payment which will further give disaster to the investor and the market.
So Be aware
#IndiabullsHousingFinance #LVB #LaxmiVilasBank
