Tag Archives: Technical Analysis of Bank Nifty

Share trading: PFC,Hindalco and Tata Motors

By | March 6, 2013

Hindalco The share price of Hindalco has been in downtrend for more than 2 month.Hindalco made the high of Rs 137 and low of 94 ytesterday. Stock bounced back 4.5% today but with low volumes as compared to last few trading sessions showing rise was backed by short covering only. Share is trading in downward… Read More »

Nifty Future Trading Strategy on Budget Day

By | February 27, 2013

Highlights of Economic Survey 1. FIIs sold 25  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow. 2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot… Read More »

Bank Nifty technical analysis before RBI Policy

By | January 29, 2013

Bank Nifty will be in focus today as RBI will unveil its credit policy today at 11 AM,  Market Participants , Government and Corporate India  have long standing expectations of an interest rate cut to boost sagging growth. RBI said in its report on Macroeconomic and Monetary Developments issued yesterday “Given the preponderance of non-monetary… Read More »

Bank Nifty Trading Strategy

By | December 30, 2012

December Expiry came and  Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… Read More »

Bank Nifty Trading Strategy

By | December 23, 2012

RBI policy came but Bank Nifty still remained in trading range of 12600-12200. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very much on cards. This is what we discussed last week and Bank Nifty made high of… Read More »

S&P CNX Nifty Trading Strategy after Banking Bill passes in Lok Sabha

By | December 18, 2012

  1. FIIs  sold 498 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 14.31 cores with net Open Interest increasing by 18570 contracts. 2. As CNX Nifty Future was up by 40 points with Open Interest in Index Futures increasing by 18570, so FIIs have created longs  in  Nifty and Bank… Read More »

Bank Nifty Daily ,Weekly and Monthly Chart Analysis

By | December 16, 2012

RBI policy is on 18 Dec and decision on rate cut will be out. bank Nifty is on a crucial juncture of make or break level of 12450. As discussed last week bank nifty was unable to close above the trendline resistance of 12540. Technically till 12540 is not crossed pullback till 12200 is very… Read More »

Technical Calls:Bank Nifty,Bharti Airtel and Maruti Suzuki

By | September 6, 2012

Bank Nifty Bank Nifty has taken support at its 200 DMA and lower trendline at 9814. Sell below 9814 Tgt 9769,9710 and 9606 Buy above 9872 Tgt 9931,10000 and 100093   Bharti Airtel Bharti Airtel buy call was given yesterday and stock made a high of 259. Stock looks overbought on hourly charts and pullback… Read More »

Trading Calls:RIy,L,Bank Nifty,Aptech and BF Utility

By | March 13, 2012

Doing Nothing is market is also a Habit traders should develop. Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.” Reliance Industries RIL made a pullback till 751 which was… Read More »