Review and plan for 8th February 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Rbipolicy
NiftyBank Futures Key Trading Levels for 8th June 22NiftyBank Futures Key Trading Levels for 8th June 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 8th June 22Nifty Futures Key Trading Levels for 8th June 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NIFTY levels n RBI will announce Repo rates by Tomorrow morning Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
🛑 RBI will likely to announce Repo and interest Repo rates due this volatility will likely increases, every traders eye is on RBI
◽Every trader eye is on RBI
◽ Weekly pivot point 17650
◽ Monthly pivot point 17450 ( Explained briefly Below I hope that you will like it do follow for more )
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17900-17950
◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)
◽ Stop loss for this level is 17850
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17715-17670
◽ If breakdown happens we can see the 1st Target of 17570-17550
◽ stop loss ie .17770
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive
If you like it do follow for more
have a nice day 😊
IDBI BankIDBI Banks firstly had a breakout of the cup and handle formation. It was immediately followed up by the flag breakout pattern. These breakouts have led the stock to rally for more than 33% in merely 7 trading sessions. The stock opened up with a circuit of 20% on NSE today but witnessed a strong sell off due to several factors such as rising US bond yields, imposing lockdown in several districts of India, global markets ending up in red etc. This cool off was seen in many stocks as the indexes ended up in red despite opening up with more than 1% gain.
The reasons for stock selection are as follows:
1. RBI has removed it from its PCA framework. It was placed under it in May 2017. Although this removal is subject to many clauses, however, it is expected to increase the business of the bank.
2. The bank appears to be a perfect fit for the theme of privatisation of the Indian Government. Currently, GoI holds close to 45% of the stake in the bank and it is expected that the holding will either be diluted or sold off to the private players.
3. LIC which acted as a saviour for the bank and holds a 51% stake in the bank is also looking to sell its stake under the privatisation theme of GoI.
4. The stock has seen unusual volumes in the past 7 trading sessions.
** Point number 3 and 4 are speculations based upon several news articles or sources.
Levels (Considering the volatility in the market):
Buy - CMP (if sustains the level of 42) or 40 (if retraces)
Target - 49+
SL - 38
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Notice issued by Delhi High Court to RBI and OthersA petition filed by Kali Digital EcoSystem cryptocurrency startup based in Ahmedabad in Delhi High Court and High Court issued a notice to The Union of India through Secretary, Ministry of Finance, GST council and Reserve Bank of India (RBI).
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