msonalkar

msonalkar

ICICI bank today showed weakness after a strong level hold. Most concerning data is of PE till 720 which is showing increase and CE showing short covering. 750 is pain point and if it is broken with volume then price my see 705 levels.

msonalkar

Bank nifty is in narrow range and structure suggest up side breakout. Considering not much positive triggers around, not expecting huge breakout. Breakout can be triggered if short covering happens very fast.

msonalkar

Bank nifty is making range movements for months now. In banking space ICICI is slowly marching to claim the leading position. On the ground this is majorly result of digitization of operations efforts carried out over years. Others are still following ICICI bank in digitization instead of leading the market with new idea and reduce the over all cost. Please...

msonalkar

ICICI bank may see a 80 to 100 point run after crossing 780 Levels. It is consistently outperforming others in Nifty bank. On the ground, ICICI banks digital leadership in banking space is rewarding it with fast growth in new business at the same time controlling the cost of infrastructure.

msonalkar

EUR is showing continuous weakness against dollar. This reflects clear sign of war exposure to economy in over all.

msonalkar

GBP is on continuous down trend. In my opinion War seems to be one of the sub set reason of bigger issues related to internal eco political ,is reflected in this downfall.

msonalkar

Bank Nifty is consolidating in a range and moving up slowly. From low of 32251 on 9th March 2022 , BN is now trading around 37900. BN has moved 5650 point up in a uncertainty of war situation. Will not be surprised if BN tries to touch or break all time high in this or next month. On lower side BN has good supply zones like 35000- 35000 which makes it difficult...

msonalkar

BN is giving some wild moves in this weekly expiry. OI position of smart money is completely apposite of what it started on 1st day of weekly expiry on 01/03/2021. Looking at current scenario there is high possibility of BN filling the lower side GAP.

msonalkar

Bank nifty is consolidating today after two days of up moves. Today BN bearish positions are maintained constantly. So watchout for algo candles.

msonalkar

Major resistance for the current rally comes when BN reach near March month high. It has March high as first resistance and immediate huge OI positions at 36000 level. In current situation better not to carry any position at the EOD.

msonalkar

With good volatility BN seems to be stuck in a brooder range. Here are the BN levels for Monday 14/03.

msonalkar

Bank Nifty broken the weekly expiry high and now 35500 proving to be good resistance point.

msonalkar

BN opened with gap up based on global clues. It is still struggling to break weekly expiry high.

msonalkar

Not expecting much firework today. But no one knows when market is driven by war news anything can happen & its beyond any analytical logic. Level break on upside or downside can trigger further movement.

msonalkar

Bank nifty is now trading near weekly timeframe support level for downtrend to continue need higher volumes to break levels.

msonalkar

Is gold heading to break All time high levels? Gold was always alternate currency for trade and safe heaven to park money without big drawdown risk like other investment instruments.

msonalkar

For Nifty 200 DMA was proving to be a major support area for long time. Now it has became major resistance. As market is trending in war driven sentiments any level can be broken with bang based on news flow.

msonalkar

Bank nifty at crucial resistance level on weekly chart