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Play with State Bank of IndiaHi folks! Here is an idea that focuses on State Bank of India only. Adopting this method you will trade only State Bank of India stock / futures / options. Here is how it works: Capital: Whatever capital you wish to deploy, you will open a Fixed Deposit (FD) in State Bank of India. Presently on 1 (one) year deposit the interest rate is 6.75%. Immediately after opening the FD, you will also open an Overdraft (OD) Account on the FD. The interest rate on OD is 1% over the FD rate and the limit is capped at 90% of FD amount. You can complete both processes online. So, if you open a Rs.100000 FD then the OD account will be opened with Rs.90000. This is the amount you will have to trade in the market. It is important to note that OD interest is applied only when you withdraw money from the OD account. Otherwise you are not charged anything. So, when you are waiting for a trade opportunity, the money is parked in FD earning you higher rate of interest than a Savings account. And when the time comes to open a trade, you will withdraw the required money from OD account and transfer it to your broker and then take the trade. After closing the trade (either in profit or loss) you will immediately transfer the money back from the broker to the OD account and pay whatever interest is accrued for that period. Effectively you will make the OD account balance Zero. Thereby the OD interest is applied only for the number of days wherein you used the amount. And once again the FD will start accruing interest. Advantage: This approach ensures that you receive higher interest rate on your capital and amount is not unnecessarily parked with the broker while you are waiting for a trade. You also don't have to maintain the capital in Savings Account. Even if you already have FDs, with this approach you don't have to break them to deploy capital in market. Hope some of you find this idea useful.
NSE:SBIN1!Education
by PriceCatch
1
Bank Nifty Levels & Option Data for 12/Dec/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. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 09/DEC/2022 BANK NIFTY IS UP BY 37 POINTS Name Price Previous Day Change % Change Bank Nifty 43633 43597 36.60 0.08% India VIX 13.48 13.40 0.08 0.60% OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 2219650, CE LTP: 88.65) Max OI (Puts) 43500 (Open Interest: 1850050, PE LTP: 181) PCR 0.91 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
NIFTY FINANCIAL SERVICES DETAILED ANALYSIS. FUTURE TREND!!I have drawn many things in this idea, stay with me till the end, and I will clear you. first, let me talk about the future trend(because based on that and my prediction I have drawn the rest drawings), the future trend is the dark black line(drawn both support and resistance). the trend is based on the markets getting consolidated and its reaction shown by nifty finserv components. now how is that trend came to surety says the pullbacks drawn by arcs circle and arrows. i have drawn many of them, have a good good at those, those are majorly pullbacks and pullouts. its just that the market was very volatile at that time, like FII SELLING, DII BUYING, interest rates, money incoming etc.. so that made to disturb the trend, but we get to know it by the pull back strategy. now if you looked very carefull you could observe that the last arc drawn is in black, because nifty finserv, did not supported my trend, that actually because major FII selling had come on. like in major stocks like hdfc, icici, bajaj finance. banking stocks and bajaj finance(one to give high returns), sum the nifty finserv about 85%. thats a lot, so mostly nifty finserv is very closely related to bank nifty chart. since bank nifty chart has almost reached its top and making new ATH, this says that nifty fin serv, is at a very discounted, and at any time rally could come in. but this rally could be defined when US markets react positive and FII selling starts coming. and which is already started. DISCOUNTED STOCKS are meant by those which has a good possibility to go up. stocks such as hdfc, kotak, bajaj finance are much in discounted. icici bank has given a good rally, and same acts for SBI. the next part is the brush drawing: i feel that market could be volatile for several days/weeks because nifty50 is a bit overvalued so this could afraid the market to go in a buy side. there could be a clash of buying and selling, mostly giving some doji candles. if such happens, then January of next year, could be a great possibility to give a bull rally, in nifty finserv components. although this volatile theory could go wrong if market directly sees an upmove, instead of waiting much. to add on as a final point, markets where volatile at the time from AUG- OCT, after a bull rally came in. such case could be possible but this volatile market could be a small one, since many things have been formulated, and bad things(like global conditions, no need to mention it) are coming to an end. the price action and following trends is the best thing. mark some good levels in your chart, and check the trend, based on that start taking positions.
NSE:CNXFINANCELong
by raghavchoudhary2016
Muhurat Trading picks - 2022What's your Diwali picks ?🤔 comment down below. 1. TATAMOTORS C.M.P - 398.2 TARGET - 447 Potential Upside % +12.26 % 2. M_M C.M.P - 1257 TARGET - 1425 Potential Upside % +13.37 % 3. FEDERALBNK C.M.P - 132.85 TARGET - 150 Potential Upside % +12.91 % 4. SBIN C.M.P - 561.65 TARGET - 640 Potential Upside % +13.95 % 5. BDL C.M.P - 954.85 TARGET - 1078 Potential Upside % +12.90 % 6. PARAS C.M.P - 643.45 TARGET - 740 Potential Upside % +15.01 % 7. ONGC C.M.P - 131.45 TARGET - 148 Potential Upside % +12.59 % 8. POWERGRID C.M.P - 216.6 TARGET - 248 Potential Upside % +14.50 % 9. RECLTD C.M.P - 93.55 TARGET - 105 Potential Upside % +12.24 % 10. BAJAJFINSV C.M.P - 1681.95 TARGET - 1932 Potential Upside % +14.87 % 11. ITC C.M.P - 344.85 TARGET - 389 Potential Upside % +12.80 % 12. VBL C.M.P - 1011.25 TARGET - 1145 Potential Upside % +13.23 % 13. LEMONTREE C.M.P - 84 TARGET - 96 Potential Upside % +14.29 % 14. INDHOTEL C.M.P - 313.55 TARGET - 360 Potential Upside % +14.81 % 15. KPITTECH C.M.P - 711.8 TARGET - 801 Potential Upside % +12.53 % 16. HCLTECH C.M.P - 1025 TARGET - 1175 Potential Upside % +14.63 % 17. VEDL C.M.P - 279.95 TARGET - 323 Potential Upside % +15.38 % 18. HINDALCO C.M.P - 392.1 TARGET - 433 Potential Upside % +10.43 % 19. LAURUSLABS C.M.P - 477 TARGET - 540 Potential Upside % +13.21 % 20. SUNPHARMA C.M.P - 978.95 TARGET - 1144 Potential Upside % +16.86 % 21. IOC C.M.P - 67.5 TARGET - 77 Potential Upside % +14.07 % ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Diwali 🪔🎉✨ Happy learning with trading. Cheers!🥂
NSE:TATAMOTORSLong
by radha_23
SBI Levels & Strategy for next few daysDear 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. SBI has posted excellent results and clearly beat the market expectations. I am feeling quite happy for long term investors who are consistently getting rewarded. SBI is trend is positive & momentum on buying side is strong. Buy on dips strategy is working well in SBI, however traders must be careful near new lifetime highs and work level by level with strict stoploss and maximize the profit using trailing stop loss. Shall we wait & look for buy on dips opportunity in SBI in coming days????? Yes, I think so. Shall we book profits near major resistance levels/near new lifetime high????? Yes, I think so. Shall we short SBI near new lifetime high????? We should avoid to short. Is correction in coming days due to imported weakness in Indian market/RBI rate hike to curb inflation, likely to be buying opportunity for traders & long term investors???? Yes, I think so. Please share your thoughts as well. Good luck to traders & investors for profitable trading in SBI.
NSE:SBINLong
by manishmgupta