The fall in Nifty bank was not to our expectation, the broader market takes the load, more so the PSU pack.
Stronger Industrial Growth, stronger than expected inflation, path is optimistically unclear.
While domestic growth is resilient, it is the Global Canvass that can print certain doubts in the darts that one wishes to through.
The US Dollar, the Yields are not giving any respite, while the short-term broader markets to take the route than the short-term biases.
Clearly NIFTYBANK is near the important support around the 44200-44400 area, one would expect a base.
Yesterday action, puts the spokes on it, the question is will we go down first before up or we will form a time-based basing than a sharp rise.
The heavy weight HDFC moves further down, KOTAK is printing some bearish tones, SBI held it's nerves to comment on the big names. AXIS and ICICI follows the wind than rule.
Simply put, reluctant to sell below 44300 and reluctant to buy above 45200 that defines the range, now choose the tools to get that range play.
Stronger Industrial Growth, stronger than expected inflation, path is optimistically unclear.
While domestic growth is resilient, it is the Global Canvass that can print certain doubts in the darts that one wishes to through.
The US Dollar, the Yields are not giving any respite, while the short-term broader markets to take the route than the short-term biases.
Clearly NIFTYBANK is near the important support around the 44200-44400 area, one would expect a base.
Yesterday action, puts the spokes on it, the question is will we go down first before up or we will form a time-based basing than a sharp rise.
The heavy weight HDFC moves further down, KOTAK is printing some bearish tones, SBI held it's nerves to comment on the big names. AXIS and ICICI follows the wind than rule.
Simply put, reluctant to sell below 44300 and reluctant to buy above 45200 that defines the range, now choose the tools to get that range play.
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