Incisive Nifty Trend Analysis

[prada]

Happy and Prosperous New Year to one and all at TJ.

Bank Nifty(spot)- 12800

This is one index which has clearly shown a topping out pattern. Fatigue should start setting into Bank nifty from here on. Sell on rise will be a highly profitable strategy.

 

[timepass]

Happy and Prosperous New Year to one and all at TJ.

Bank Nifty(spot)- 12800

This is one index which has clearly shown a topping out pattern. Fatigue should start setting into Bank nifty from here on. Sell on rise will be a highly profitable strategy.

Sell on rise to.. what level ? Timeframe ??

 

[prada]

If one is patient enough, you can wait for Nifty to top out(6150-6180) before going short in Bank Nifty. In any case, IMO, bank nifty will underperform the benchmark indices from here on. 12950 should be the key level to watch for. Once nifty tops out, I expect a 1000 point cut from current level on bank nifty.

Sell on rise to.. what level ? Timeframe ??

 

[timepass]

If one is patient enough, you can wait for Nifty to top out(6150-6180) before going short in Bank Nifty. In any case, IMO, bank nifty will underperform the benchmark indices from here on. 12950 should be the key level to watch for. Once nifty tops out, I expect a 1000 point cut from current level on bank nifty.

Maybe RBI's moves will dictate its pace, rate cuts and all, if any.

 

[megapixel]

If one is patient enough, you can wait for Nifty to top out(6150-6180) before going short in Bank Nifty. In any case, IMO, bank nifty will underperform the benchmark indices from here on. 12950 should be the key level to watch for. Once nifty tops out, I expect a 1000 point cut from current level on bank nifty.

Mr Prada,

I guess these are all Future price ( not spot)...right ?

 

[prada]

@Megapixel, my levels are always spot levels unless mentioned otherwise.

Mr Prada,

I guess these are all Future price ( not spot)...right ?

 

[Bewinner]

Maybe RBI's moves will dictate its pace, rate cuts and all, if any.

RBI's rate cut? when?

 

[timepass]

RBI's rate cut? when?

Sometime later this month (??29th Jan) RBI is going to announce its policy review etc... They may announce some rate cuts. Notice that HDFC has already reduced their rates by some 10 basis points or something recently.

 

[mech71]

Sometime later this month (??29th Jan) RBI is going to announce its policy review etc... They may announce some rate cuts. Notice that HDFC has already reduced their rates by some 10 basis points or something recently.

If at all RBI announce some rate cuts it would be meagre which is already factored in the price.....SBI and BNF leader for market rally and they might also be in forefront for market fall.......fingers crossed.....

 

[megapixel]

the way market is rising ...I'm scared to take any position....intraday is safer than positional gap ups/downs