Every trader comes in thinking they will make money, in fact if they have never traded, they probably have convinced themselves fully. They spend time looking for all the answers in charts but it is in the process. It seems like easy money. It is not easy but it is probably the best way to make money. The best of anything takes more work.
Bank NIfty has closed below 200 DMA and as discussed in last evening post FII are having highest OI in bank nifty from past 2 years so we can expect a good move in June series for Bank Nifty.
Sell below 9360 Tgt 9307,9254 and 9198
Buy above 9426 Tgt 9492,9546 and 9613
Break of 230 will lead the stock to move towards 220 which is its 200 DMA.
Sell below 229 TGt 225,223 and 220
Buy above 235 Tgt 238,243 and 246
Kotak bank is trading in a channel and breakout is offing with a sustained move above 566. Unable to cross the same will lead the stock back to its firm support of 100 DMA
Buy above 566 Tgt 569,575 and 581
Sell below 557 Tgt 553,548 and 541