BANK NIFTY OUTLOOK MAY 2024

BANK NIFTY:

Trading in Rising Wedge Pattern, Currently for the May 2024 Series Stiff Resistance seen at 50200 Levels, Till Bank Nifty Closes above 50200 One should be take long positions on the banking stocks and Bank nifty. On the lower Side Support is seen 47100-47250 Level. Till Bank nifty closes below 47250 Long term investors should continue to Hold banking stocks.

Kotak Bank View and Analysis

TATASTEEL Bullish View, Check The Analysis now

TATASTEEL Looks Bullish by JustProfitPlay on TradingView.com

Axis Bank Fresh Breakout

Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772 Reason To Buy Axis bank: # Ascending Triangle Pattern Breakout # Bank Sector and Pvt Banking Looking Bullish # Stock Trading above 20,50,100,200 EMA

AXISBANK Fresh Breakout by JustProfitPlay on TradingView.com

Nifty Short Term View (22-Sept-2020)

 NIFTY ON 22-SEPT-2020 On the short term basis Trading at support Levels, Till Nifty Future Hold levels of 11090, One Can See some buying in the Market and Nifty Fut Can Head Towards 11250-11300 Levels. 

Once Nifty Future Closes below 11080 We may see sharp correction in the Index future, So As per the Technical Chart Structure Today low 11103 may act as make or break levels. Keep A close watch on the Index moves.

This Post is for Educational purpose, Kindly consult to your Financial adviser before taking any buy or sell decision.

CANARA BANK BREAKDOWN VIEWS

#CANARABANK #BREAKDOWN #TECHNICALS #PSUBANK #HEDGE

Fresh breakdown seen in CANARA BANK, Stock today (23-July-2019) broke trend line support levels. On the downside Support seen at 240 levels now.

Short position can be initiated in CANBK Future @ 260 Levels with Buying CANBK 260 JULY Call Option @ 5.10

(MAX RISK: RS. 10000 Per Lot) 

This is Just For Educational Purpose, Always consult to expect before initiation any position.

Pair Trades 23-March-2016

1. LONG HEROMOTOCO AND SHORT TATAMOTORS

2. LONG GRASIM AND SHORT AMBUJACEM

Pair Trade- Neutral Strategy (21-March-2016)

We initiated 3 Trades According to Correlation, Z-Score and Pair Spreads Method For More Details Contact 8889465053

POSITIONAL CALL: SELL BANKNIFTY

We Recommend to Sell Bank Nifty, Seen Bull Run after elections in India, Now we may see some correction in Banking Sector And Hence we Recommend to sell Bank Nifty.

POSITIONAL CALL:

SELL BANK NIFTY @15240-15300

WITH TARGET PRICE @14000- 14200 KEEP SL OF 15700

(14th April 2014) Weekly Stock Pick Update

Click here to See Our Recommendation on 14th-April-2014

On 14th-April-2014 We have Recommended 4 Stock Pick. And Booked Profits in Century Textile and M&M Finance, Also Recommended to hold DR. Reddy and Indusind Bank. Hence Book Awesome Profits in 3 Stock with one Cost Exit: 

Update:

3. 100% Target Achieved in DR. REDDY @ 2650. +Rs  73 Per Share

4. Exit Indusind Bank Near to Cost Price @ 493. (NO PROFIT NO LOSS)

Weekly Calls Updates, Recommended on 14-April-2014

Click here To See Our Weekly Stock Picks

1. 100% Target Achieved CENTURY TEXTILE @ 365. +Rs 20/- Share

2. 50% Target Achieved In M&M Finance @ 230.00 +Rs 10/- Share

3. Hold INDUSIND BANK with Recommended SL. Sell Recommended @ 490 Made a low 480.

4. Hold DR. REDDY with Recommended Strategy.

WEEKLY STOCK PICKS- Bet on Best Stock with Profit Play (14-APRIL-2014)

1. SELL CENTURY TEXTILE @ 385.35 SL 405 TG: 365

Trading near to Channel Top, Chance of Strong Reversal is on cards. Any breakout out of Channel Pattern will force us to Re-Analyze Charts. Hence Keep A strict Stoploss of 405 

2. BUY DR. REDDY  (75% QTY) @2577 CMP AND (25% QTY) @ 2530  SL 2450 TG: 2650

Trading Near to Strong horizontal Support @2520- 2530 and a sharp bounce towards higher Level @2580 is Seen in the Stock. Trading at lower End of Channel Pattern. 

3. SELL INDUSIND BANK @ 490 CMP SL 525 TG: 450

On Weekly Charts Strong Resistance @ 510-515 and a huge selling is seen at those levels. Stock may Correct more,  can head towards immediate Support Levels @ 450. Bank Nifty future has not yet broken its Previous highs of year 2008. Nifty future is trading up Approx 300 points from its 2008 highs. Shows Divergence in Nifty and Bank Nifty. Shows weakness in banking Sector.

STOCK FOR WEEK

5 Stock Recommendation For Week.

1. BUY AXIS BANK ON DIPS @1170 SL 1120 TGT 1220

2. BUY BAJAJ AUTO ON DIPS @2060 SL BELOW 2030 TGT 2100

3. SEL HCL TECH BELOW 1135 SL 1145 TGT 1020

4. BUY LIC HOUSING ABOVE 215 SL 210 TGT 225

 5. BUY SESA GOA ABOVE 196 SL 188 TGT 206