Long white day candle was formed where the price is up by crossing the previous 3 days of the candle.
Control Price (ii) which is spot nifty target (11540) and resistance nearby it. Notice, many times "control price (ii)" shown its strength.
The possibility of Profit booking can be 11525-11580.
Today was an important day for a stock market participant whether he is a trader, an investor, retail or from an institution. The last 2 days of weekends must have been spent on analyzing, number crunching and strategizing by analysts of big institutions. A lot were waiting to see which direction market takes from hereon.
Nifty today opened with a big gap of 268...
Friends, in the last 30 days, 4 times I had stressed to go Long on Bank Nifty/SBI. Please refer to the links to the related idea below (August 18, 19 & September 13). While on the fourth occasion on September 12, I had stressed that Bank Nifty is a blind buy as a comment - It can be found in my Profile- Ideas Commented section when an expert (Would not be fair on...
BANK NIFTY NOT SO FAR AWAY FROM ITS ALL TIME HIGH. IF WE CONSIDER THE WAY IT HAS BOUNCED.
BULLISH SHARK PATTERN BOUNCED FROM 88.2% RETRACE MENT OF ITS EARLIER BULL RUN.
NOW BETWEEN 78.6 % AND 61.8% RETRACE MENT OF RECENT CORRECTION.
QUESTION IS WITH RECENT DECLARATION OF FINANCE MINISTER , CAN BANK NIFTY TOUCH ITS ALL TIME HIGH?
IF TODAY'S HIGH IS CROSSED...
I will be positive on Nifty but my view is something different, As there was a huge 900 pt rally in just 2 trading session, I'll be shorter on Nifty once it reaches the marked resistance level or closer to the level with a stop of 25 pt ahead from the marked resistance level, for the target of first support level, then I will exit my position and wait for the...
My observations Positive points are there & also negative points are there
a) Positive :-
1) FinMin Decision on Tax cut good in long run for our country in reaching 5trllion economy
2) trying best to attract investors to come to India & bring more money
3) Definitely this move changed fundamentals of companys
1) Big negative in short-run