Bank Nifty Weekly Analysis

Bank Nifty has been outperforming Nifty on downside also  with fall of 326 points last week.With economy slowing down Bank will be the first to bear the brunt of slow down. Next week will keep financials in focus as December IIP data on Tuesday and January wholesale price index (WPI) inflation figure on Thursday will … Read more Bank Nifty Weekly Analysis

Bank Nifty technical analysis before RBI Policy

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 technical analysis before RBI Policy

Bank Nifty Trading Strategy

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

Bank Nifty Trading Strategy

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 Bank Nifty Trading Strategy

Bank Nifty Daily ,Weekly and Monthly Chart Analysis

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 Bank Nifty Daily ,Weekly and Monthly Chart Analysis