Further to my earlier post..
The next wave (its a not a simple wave but the second wave of Tsunami) hit. Giving no chance for the retail investors. Those who have sustained these two waves will surely comeback. Cheers.
Simple Analysis :
Banknifty index from 32000 dived to 16000 = 50% - first wave
since Big institutions also lost huge amount, they might have...
Bank Nifty looks very weak. 21 red candles, only 9 green candles on 4hr charts since 31st August. Big guys know early than the retail investors. FIIs short on Futures, bought options (most likely the PUT) during the current week ended. Think it may reach 21500-21600 levels during moratorium hearing. As per my observation, BankNifty, where ever it went came back to...
Four continuous trading days in the support zone.
Most of the people thinking of Moratorium :-). As everyone knows, every penny have to be paid by the citizen of India either from left or right or top pocket. It is always better to get the interest from the borrowers rather than putting the burden on tax payers, as ultimately the borrowers enjoyed the benefit of...
BankNifty reaching the second line of support level. Downside risk is very low compared to upside reward. One may consider entry at 21.5k - 22k level and exit at 26-28k in a span of 2-4 months.
Disclaimer : Please study and take calls basis your risk profile and at your own decision.
Bank Nifty reached the Resistance and Support levels on single day yesterday.
Irrespective of negative news, expected to cross 26k during the next swing/push. However, buyers may try to push down for entry.
Disclaimer : This is for study purpose only. Please study on your own before hand.
As everybody know, there is no reason to go below 22300 earlier and was trending there for few weeks. Now BN catching up the trend. Bulls grip on upper hand for time being :-). From 22k, there is no turning back. Daily new high. Investors are happy.
IMHO, the Index is moving up carefully and reaching a level of 11600. Expected to break >11600 and to move slightly above 12k and thereafter during Nov/Dec may expected to give a big opportunity for people who missed the earlier rally.
Disclaimer - This is just for study purpose only.