Indusind Bank - It has crossed its Resistance of 910 and sustained above it.
Since its a high beta stock support of Bank Nifty Index is very much necessary which is also there.
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There is Positive Moving Average Crossover
CMP - 922 , Target - 936 , 948 , 962 , SL - 910
Bank Nifty - In my Last Post , I have said 31500 is acting as Strong Resistance.
Today Global Trend was down but Nifty & BNF opened Gap Down and
also broke imp resistance of 31500 and closed above that.
Also, it gave closing above the Trendline.
Till 31500 approx 50 Lakhs shares are short (07th Jan Expiry).
I expect Non - Stop Rally of Bank Nifty to...
NG - On 23rd Dec 2020, NG was in super uptrend and it started its real fall from levels of 202.40 which can be seen from Moving average crossover.
Earlier also 200 was resistance and today also it failed to hold 200 levels and fallen from there.
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Closing was below the trendline made by joining highs.
Hence, my Positional Call is sell NG @ 198.50, SL 202.40 ,...
Bank Nifty - 31500 is acting as Strong Resistance and its being 5 days , bank nifty is unable to take out Big Red candle it formed .
Components of BNF are facing Resistance and its the PSU Banks which are showing Good move but PSUs cant take BNF above 31500.
ICICI , HDFC Bank , Kotak , Indusind , Axis are all trading below their 9 Day Exponential Moving...
