Yesbank is in the process of forming a right shoulder of the famous Inverse Head and Shoulder Pattern. Risk Averse Investors can wait for the price to break the neckline as mentioned. SL would be the head.
This would be my outlook for Bank-nifty for the week
Kotakbank will try to consolidate in the coming days as shown
Trading based on News is a bad idea. Just wait for Monday Opening to determine which side to trade
Levels, SL and Target zones are as mentioned
Buying zone (2100 - 2080). SL and Targets as shown
The DJIA is all set to make new High. Ascending triangle pattern in formation. espite so many loopholes in economy the global markets are all making new highs, lets see how long will this go on. Nifty PE around 27.47
At a supply zone, look for short opportunities
Stock is in an imp supply zone, might see some Bearishness.
Don't get confuse with the curves, its just to show that all the Bearish and Bullish Impulse moves are of similar length. View is bullish above the range and bearish below that