Niftybank
LT - Rady for next bull runBullish divergence found in LT on the daily chart. Confirmation is above 1545 with 1495 sl. Next run will be huge on breakout
Beml - Possible long from Their Support Beml has following a particular behavior from a long time. Stock is always pull back from their day support. Long Idea is based on it
Potential Correction on Kotak mahindra Bank1360 is an Important level for Monday. We can see a good correction if it's breakdown it.
Nifty This Week entry with 1:3 RR RatioNifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
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nifty will show a big drop fom 11080 till 10480dear trader as u see an chart a big drop is coming soon
Nifty July Series Setup?Nifty Has been Consolidation between 10855 and 10592 since last last week of may. Fundamental strong trigger is required to boost the bulls but as of now rising Oil Prices as well as depreciation of rupee is the big concern.I am hoping that nifty will touch 11000 this series because monthly chart is still in bull trend. Best buy will be only above 10855 and below 10592 nifty may show 10300-10200 which shows to be impossible as of now.
Possible Elliot Wave Analysis - Nifty BankNifty Bank under performed Nifty during the Oct- Nov period,but Nifty Bank correction was much shallow compared to Nifty. Now that both have almost caught up we could see both indices move in tandem from here on. Nifty Bank could be making a bottom closer to 25,100 for further rally from tomorrow. The minimum target on the upside could be 25,800 which could extend much higher as well.
Good Luck !!!
Bank Nifty indian index long term buy setup at monthly demandStrong bullish trend on Bank Nifty Indian index, long term longs at monthly demand level around 18.750. New levels of demand created, supply zones eliminated. Price has been rallying very strongly lately, expecting a bigger pullback to go long lonterm.
Nifty Targets 7250 Nifty is at Upper Channel Line, Dollar is Still Above 102, US Markets looking weak, Bear Trend is Intact if we look at magnet, BankNifty/Nifty is breaking below. BankNifty Will Under perform and Drag Nifty Down...
BankNifty @ 8000 Fundamentals -
1.. High Deposit Rate, Low Credit Growth
2.. NPA Crisis
3.. Low Intrest Rate = Low NII
4.. Scams in Banks
5.. Property Rates Going Down
6.. Global Sell Off Imminent
Technicals -
1.. Second Mountain + Head & Shoulder in Weekly
2.. Magnet Crossing Below
Long NiftyNifty can soon start it's up move. It'll break the black horizontal line and start going up. However, the count in the Bank Nifty is clearer, so an entry based on Bank Nifty would be a better idea. (The link for Bank Nifty is attached).
Bank Nifty (and Nifty) bullish this expiryBank nifty has reversed from 1.618FE of wave 1. IF it takes support at the 38% or 50% fib levels (and the trendline), then it could result in a sharp up move to new highs. This should pull Nifty too; just that the wave structure is clearer here.
(Support at the 23% fib level for the up move after that is possible too but then an initial entry would be difficult to perceive.)
Nifty Heavy Sell Off Coming?There is a possibility of sudden 700 points sell off in nifty, i can see some short patterns in nifty and bank nifty charts, there is also heavy PUT buying going on, VIX is ticking up, global markets are also suggesting a sell off, and INR is also not getting strong..
BankNifty corrective structureBank Nifty seems to be forming a Flat pattern, following it should give the final impulse up. The structure's completion can be watched in conjuction with the Nifty chart (linked) to complete it's correction.
