Will #BankNifty cross the 37150 hurdle on Monday? Given the huge 2% movement today (1st Apr), there are chances that the market may retract a bit before going up.
Tata Chemicals is moving in a channel and has good volumes in the last 20 days (8+ Million average as against 3+Million during the last month) 795 looks like the immediate resistance if these volumes continue.
With a doji to finish the day after a bullish reversal last week, Nifty looks a little weak - looks like Nifty is waiting for global cues searching for a direction. Going by the trend lines, it appears that Nifty can go below 14400 and reach 14210 levels as well. View is neutral at the moment as there is a reasonable correction that has already come in. RSI also...
Bank Nifty has corrected enough from 37000 levels and has also closed the 33300 gap now. It seems to be taking a trend line support that is running from Oct 2020. However, there is still a 5% chance that the index can take a quick dip to the previous ATH (32800 levels) and then starts its journey towards 37000. Given the current RSI levels and the amount of...
If you observe the last two days Heikin Ashi candles of ICICI Bank, both from hourly or daily candles, you can see that it has hit a classic Heikin Ashi red candle and the only way forward for the share is way down.
