Pattern, Price and Time: Using Gann Theory in Technical Analysis
Bank Nifty will be on Radar as 3 may we have our RBI policy. We have 3 great triggers. First is fall in inflation. Second is fall in commodities prices and third a positive MOM IIP data. Market has definitely factored in 25 Bps rate cut and so if we have a 25 bps cut … Read more
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 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
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
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
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