Nifty, Banknifty and top stocks analysis for tomorrow + levelsBank Nifty Under Pressure, Nifty Stays Afloat. I feel the trend is similar to what we discussed in the previous videos, so hard to comment on that. Interestingly, today the indices defied global cues and faced choppiness despite VIX falling below 24.
HDFCBANK
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIndices failed to hold higher levels & ended in red. I feel this is not a very big cause for concern as long as the week's lows are held. In fact, if they are held then we could be seeing early signs of a reversal in the short term trend. What's your view?
HDFCBANK Short IdeaNSE:HDFCBANK
Short idea
Price Reversal after test 1515 to 1500 Range
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Closed below 200 EMA on Daily time frame
Strong level between 1515 to 1500 also a psychological level
Unfilled Gap below previous trading range
Decrease in Volume
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe market saw rejection from higher levels today, but banks managed to perform a little better. The short-term structure seems reasonable, but the volatility still continues. Today was a tricky day for intraday bulls, especially if we do not consider the final hour or so.
HDFC Intraday Strategy for 10-02-2022HDFC Intraday Strategy for 10-02-2022
Buy above 2463.30 (if retest Pass)
Sell if retest Fail