SBI Weekly: PSUBank is a crowded sector now. It is always better to enter much before others do to maximise profits and exit when there is sign of lingering. Stay cautious around 550 level as -Ve divergence is forming.
Budget over rally over? We saw Nifty closing almost exactly at the budget day's closing price, possibly owing to a resumption of FII selling. Where do you think we could be headed? Do you foresee a deeper correction? IT especially looking a little weak.
Banks stole the show today, while the rest of the market disappointed. IT continues to fall, but that might make for a good RR trade. What's your view?
We saw a stellar intraday recovery in the market today, with the key performers being SBIN and Axis Bank. Kotak Bank recovered 5% from highs. Yet another day for the banking sector. What's your view on the market?
Nifty retested 17k, kicking off the pre-budget week with a bang. India VIX gains massively to 22.83. Banks, while relatively better, still slipped. What's your view on the market?
Morning star formation on trendline which is coming from a higher timeframe. Go long after closing above the mentioned levels & take the target. it may give you in one single day or within two trading session.
Nifty breaks down, closing below 18. Banknifty survives! What's your view on the market? Pre-budget volatility, profit-booking or a deeper rejection of highs?
Nifty was strangled by private banks today, but still managed to hold above 18300. Do you think we will be able to see a fresh ATH before the budget announcement?
Short $SBIN CMP ₹475.30. Falling channel pattern. Stock price recently broke 50 SMA with volume. It may retest 50 SMA but MACD is showing no signs of positive volume so it may not be successful. Lowers lows on day chart. Intermediate support ₹450 area. Short term target is 200 SMA which is ₹420 area.
Nifty managed to inch higher, but banks slipped considerably. Despite the selling SBI and ICICI Bank managed to hold their grounds well, while HDFC Bank and Kotak Bank were the key draggers. What's your view for the week's finale?
The indices seem to be in a fix as India VIX has hit a six! Today's move by itself doesn't seem that alarming, but IMO it's good to be cautious now as the Q3 results season awaits us!
Banks were the clear outperformers today, and that's saying something given that Nifty closed above 17.9k. All eyes on tomorrow's expiry now. Things look interesting given that India VIX has climbed, too. What's your view?
