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Yesbank

Nifty Outlook for Tuesday, 11th August | 50x InvestmentsNifty - Technical Analysis: Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index. On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel. Market - Driving Factors: All sectoral indices ended in the green today with Nifty Pharma leading the pack after it ended 5.37% in the green. The new US FDA directory which urges Americans to use locally manufactured medicines might not have a big impact on Indian Pharma companies. Prestige Estates rose over 8% today on news that blackstone will acquire the commercial real estate assets of the company. Yes Bank once again hit the upper circuit and ended 5% up. One would've made an 18% return in 2 weeks if they has subscribed to the Yes Bank FPO and held the shares till today. Nifty - Outlook for Tuesday, 11th August: Titan just announced its Q1 earnings and the company posted a loss of 270 crore rupees which was worse than what analysts had expected. This might weigh on the stock tomorrow. ADX shows no strength of momentum on either side indicating that markets might consolidate for a while before giving a breakout in either direction. So one should avoid large directional bets on weekly options which expire this Thursday.
NSE:NIFTY
by Algokart
1
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.
NSE:BANKNIFTYShort
by Algokart
YES BANK headed towards the 76.85 level.The bank has been in a down trend for sometime now and looks like more is yet to come. Looking at the weekly chart, the bank is sitting on a very crucial level of 116.20 (which is on the trend line ), down below the 120.50 major support. There are chances for the prices to climb for a short moment, owing to the positive divergence between the price and the RSI indicator. But ultimately, the bank is very likely to go down. The expected price for it to reach is 76.85.
NSE:YESBANKShort
by forexnoobmaster007