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KOTAKBANK

BANK NIFTY VERY DETAILED ANALYSIS!!"when nifty is top, everything should be on top, when nifty crashes, the market crashes". everything on chart is explained about the trend lines with different colours. recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen. ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable. 1. hdfc has a weightage of 26% in bank nifty and has to rise about 20% 2. icici has a weightage of 24% in bank nifty and has to correct about 12% 3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty. so this 3 matches will make the bank nifty to stay within the range of (42200-38200) i will post the same analysis in other bank with bank nifty posts too. currently i am short on icici bank and bullish on hdfc.
NSE:BANKNIFTYLong
by raghavchoudhary2016
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen. ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable. 1. hdfc has a weightage of 26% in bank nifty and has to rise about 20% 2. icici has a weightage of 24% in bank nifty and has to correct about 12% 3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty. so this 3 matches will make the bank nifty to stay within the range of (42200-38200) i will post the same analysis in other bank with bank nifty posts too. currently i am short on icici bank and bullish on hdfc.
NSE:ICICIBANKShort
by raghavchoudhary2016
Wedge pattern in Kotak BankKotak Mahindra Bank consolidating in a rising wedge pattern and is taking a resistance from the resistance zone. Though,the stock is taking support at its 20 DMA. It has formed a perfect doji candle on the weekly time frame. The stock is trading around its hourly 20 ema. A trade can be initiated if the stock breaks down the wedge and an hourly candle close below the trend line(lower wedge line or 1910 price level). The stock has been holding its level of 1900 and sustaining above it. Confirmation to enter the trade. 1. Break down of the Wedge 2. Closing below 20 DMA. 3. Break down with high volume than previous day. Intraday and swing trade both can be initiated in the stock. Targets:- 1891, 1848, 1823 Stop loss :- High of the previous candle. Wait for entry in the trade. Price action near the levels should confirm the entry.
NSE:KOTAKBANKShort
by Mambotrade
Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level Highest open interest on call side at 18100 (Shifted down from 18500 to 18100) Highest open interest on put side at 17900 (Shifted down from 18000 to 17900) BANK NIFTY Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone. Highest open interest on call side at 41500 (Shifted up from 41000 to 41500) Highest open interest on put side at 40000 (Remained at same 40000 level) Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta