Hello all, Welcome to our live session let's discuss Nifty & Bank Nifty trades and levels for today.
Nifty is standing just inside a strong resistance of 17976. if nifty moves above 17976 then it may also cross 18020 and may reach to the level of 18067. between 18067 to 18111 is an Extremely strong resistance. if nifty crosses over 18111 then it may reach to the level of 18160. if nifty moves down below 17926 then it may also cross 17880 and may reach to the...
Banknifty standing just below a strong resistance zone of 41062 to 41256. if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may reach to the level of 41887. if banknifty crosses down below 41062...
Strength :- Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Company with No Debt Strong cash generating ability from core business - Improving Cash Flow from...
Strength :- Growth in Net Profit with increasing Profit Margin (QoQ) Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Tiredness :- Red Flag: High Interest Payments Compared to Earnings Negative Breakdown Third Support (LTP < S3) Companies with High Debt Inefficient use of...
Opportunities : Positive Breakout Second Resistance ( LTP > R2) RSI indicating price strength High Volume, High Gain Strength : Company with Low Debt Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Weaknesses : MFs...
Red line - sell below line Green line - Buy above line Black line Targets. Shooting Star from the same strong resistance zone , it means banknifty closed today taking downside pressure. if nifty crosses downside you may see a good selling pressure in BN. But if nifty broke upside you not not see good clean upmove in BN.