Bank nifty level for 24 Sept 2021bank nifty break 37850 and sustain 15 minute then will touch around 38000, 38130 and next target 38340
BANK
Potential Opportunity - Patience PaysPreviously I wrote a brief note explaining caution for the US Banking industry as illustrated by XLF.
This is due to:
- market risk of a broader market pullback - as currently being experienced
- impact from Covid-19 variants like Delta etc.,
- the cumulation of record high bank reserves (cash) which serve to stress Bank Capital and Capital adequacy ratios. These reserves have been building up due to the FED's policy of buying Bonds in the market. Once sold, the vendor banks cash at a Bank which severs to increase the Bank's liabilities. The FED has tried to mitigate this effect by using reverse repos - which is ridiculous - it should stop the buying / QE ie the naughty word - Taper!!! :)
The opportunity to be long includes:
- market risk subsides as debt ceiling is mitigated.
- infrastructure bill goes through which is GDP positive.
- further recovering of the US and European economies noting n increased travel facilitated by increased vaccination rates.
- Bank capital being strong as it is, has seen some Banks start to sell assets which have a lower capital rating (for the purposes of capital measurement) and will eventually open the door to strong lending programmes noting the prior comment.
- still good fiscal support - so economy, GDP and the broader market is growing.
In other words a decent credit cycle may ensue which will be very positive for Banks and of course XLF.
However - Patience Pays!!!
Buying in smalls around key support areas and build a position - no 'binary' trading.
HSBC Bearish OptionsFamous short seller Jim Chanos let people think in the last interview that he shorted some banks which are overexposed in China.
The bank had hired for about 400 client-facing roles for its mainland digital wealth planning venture and will have about 700 personal wealth planners on the ground by the end of 2021.
Looking at the puts today and the 22usd strike prices for 2021-10-15, i think that is the direction we are heading to!
NQ BANK - Seems the ISSUE of Money Markets is...Indeed becoming and issue as the Federal Reserve's Backstop is
tettering on the Brink of trading below PAR.
We'll need to see Yeilds RISE in order to stem the increasing stresses
mounting within the Banking System.
Given the ST Louis FED has discontinued it's reporting of:
National Rate on Jumbo Deposits (greater or equal to $100,000): Money Market (DISCONTINUED)
National Rate on Non-Jumbo Deposits (less than $100,000): Money Market (DISCONTINUED)
Rate Cap on Jumbo Deposits (greater or equal to $100,000): Money Market (DISCONTINUED)
Rate Cap on Non-Jumbo Deposits (less than $100,000): Money Market (DISCONTINUED)
What would could possibly go oh so very wrong.
BANK NIFTY : BREAKOUT?bank nifty Trading near strong resistance zone of 37000-37200..once it will break Bank nifty will expected to touch 41000 in next 3 months whereas Kotak Mahindra Bank expected to Outperform
It's Time. It's time for a correction before the real correction and GME will prepare for it. Not only will hedge funds get the full package flash crash but it will also include short sell margin call. Bullish on GME but need one more retest on the SMA which may happen within 7 daily candles. Notice how every bounce off SMA it proceeds to penetrate every barrier of resistance in the following week or next. $AMC (Ahyaya My Calls) failed to hold fort at $50, I wouldn't feel safe with GME camping a tent at $200. Target mid 180 zone into 160 and a quick bounce off previous low. S-Tier triangle breakout formed this way. Target $300+ but first stop $150.
Tldr; Weakening momentum at $200 level = flush
Current positions: GME 185p entered 9/14 EOD
$XP: Brazilian BonanzaToday we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
Bank Nifty on rising channel Trendline resistanceAs per Bank Nifty daily chart we can see bank nifty has now hit rising channel Trendline resistance 36350.
Probability:
Above 36400 - bank nifty will reclaim its all time high
Below 36300 - bank nifty will re-test its BO level which 35800..
BANKNIFTY, Ascending-Wedge PATTERNHello
Welcome to this analysis about BANKNIFTY , we are looking at daily timeframe perspectives. BANKNIFTY in recent times heavily increased with bullishness however it now moved into an overbought condition. BANKNIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BANKNIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how BANKNIFTY has emerged with this key ascending-wedge-formation marked in my chart with the black boundaries. BANKNIFTY is near 36000 region which is an important resistance and also psychological resistance-mark together with the upper-boundary of the ascending-channel-formation a pullback
In this manner, thank you for watching my update-analysis about BANKNIFTY and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
icici's current action icici's current action
Safe playing should be there only
Minor targets but achievable
Buy with good quantity.
Only triggered if everything is good.
ICICI Bank Ltd. 22.91% weightage IN BANK NIFTY
Icici's current action safe playing should be there only minor targets but achievable buy with good quantity. Only triggered if everything is good. Quarterly results snapshot (standalone) - Jun '21 - qoq interest earned - qoq
EUR/USD | Institutional Analysis | Quasimodo PatternOn weekly timeframe, a potential liquidity could float below the double bottom. This is the most likely target. A continuation Quasimodo set up detected on Daily timeframe, so if we believe on our target we could grab the sell opportunity as described on charts. Additionally, we can find an internal liquidity, an extra reason for the market makers to push the price lower.
This opportunity seems to be safe as continuation with a strong target closely below.
Feel free to write your opinion on comment section.
Stay tuned with our ideas for updates and more opportunities!
$BLK: The Undisputed Heavy WeightAs we look forward into the future we may continue to see Blackrock's influence grow from an asset management company into something far greater. With deep pockets and potentially blue skies for the market along with a rising rate environment, we'll see if $BLK can get it done in the weeks / months / years to come.
THE SAUDI NATIONAL BANK STOCK(BULLISH THOUGHTS...) level 58 broken, we come back to test it with pullback in a long term uptrend ... the lowest green zone can be a good buying opportunity if we retest at the bottom with another buy position on the zone upper zone breakout.
otherwise we can still buy the breakout of the upper green zone with another contract when comming back on the pullback ...
Bank Nifty Analysis (Daily)
- Bank Nifty is under long consolidation and Breakout has happened finally and Retested the previous resistance
- Above 50MVWAP
- Heading towards 37000 and All Time High of 37800
Volatility Index Long BiasVI showing strong bullish. Use all fresh levels on lower time frames now.
Good luck
Nifty key levels Nifty may take support at 16200 and face strong resistance at 16300. If 16300 is broken then the next level to watch out for is 16400. On the downside if 16200 is broken, next major resistance will be in 16100.
BOB forming Cup and HandleBOB in its way for forming beautiful Cup and Handle pattern. A PSU Bank with good fundamentals.
WATCH $AAPL on monday MAKE OR BREAK!!!-We need to break fridays highs in order for us to see a continuation. Now as you may know apple has been having some crazy days so watch that break we might even gap up monday
-NOW if we reject oh boy PUTS ALL THE WAY baby that's a steal right there we are literally sitting smack in the middle
-SO there you have it your 2 possible scenarios that can happen based on how price moves monday.
Bank Nifty FuturesBank Nifty Futures
Support: 34555
Resistance: 35200
Bank Nifty is clearly range bound. It tested the upper and the lower levels today and closed with a bullish reversal (check the round highlights) on the candle as well as RSI. Even the volume is quite prominent at the end.
All the dots match to indicate that we may see an upmove this week.
35200 is a very strong resistance and can be treated as a breakout level.
SILVERGATE - The Bank of the Cryptocurrency Space ⭐Always excited to find new gems in the making and SILVERGATE Capital is exactly in this category.
Silvergate Bank is the leading provider of innovative financial infrastructure solutions and services to participants in the nascent and expanding digital currency industry. We leverage our technology platform and our management team's expertise to develop solutions for many of the largest U.S. digital currency exchanges and investors around the globe. Their solutions are built on a deep-rooted commitment and proprietary approach to regulatory compliance.
Headquartered in San Diego as a California state-chartered bank, Silvergate Bank has been profitable for each of the past 21 years. They began pursuing digital currency customers in 2013 and have been deliberate in their approach to serving this community since then. Today, they have 700+ digital currency and fintech customers that are using their platform daily to grow and scale their businesses.
⭐ Read here How Silvergate Capital Will Make Money on Stablecoins and Through Its Partnership With Facebook
⭐How Silvergate Capital Can Perform Well Even When the Price of Bitcoin Doesn't
⭐Finally, a great success story in the fact that Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2
I like!
the FXPROFESSOR
Bank niftyBank nifty bounced from demand zone
* Not expecting V shape recovery as nifty is at resistance zone once again
*Another short pull back and bounce can activate buyers
*Nifty bank has more potential upside then nifty
BANK NIFTY VIEW FOR NEXT WEEKThree paths have been identified for banknifty and applicable for next 5 trading days.
Based on the Trendline and RSI Divergence, BNF is at reversal stage.
