BANK NIFTY ANALYSIS
Rakesh Stocks
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Rakesh Stocks
07 Feb, 03:26
With the RBI MPC meeting lined up, we could see some volatility. There’s a chance of a 25-basis point rate cut, but nothing is certain until the announcement
Rakesh Stocks
07 Feb, 03:26
OI of Nifty Bank Futures is down by -2.39% and Short Covering in Nifty Bank Futures
Rakesh Stocks
07 Feb, 03:26
BNF went up yesterday and our view was bullish in bnf and view is same for now
Rakesh Stocks
07 Feb, 03:26
Nifty opened gap up but came down in first one hour and traded in the range
Rakesh Stocks
07 Feb, 03:26
OI of Nifty 50 Futures is up by 0.9% and there is Short Buildup in Nifty Futures
Rakesh Stocks
06 Feb, 03:14
Yesterday BNF went up and as shared in the morning it is bullish, view is same as yesterday
Rakesh Stocks
06 Feb, 03:14
OI of Nifty Bank Futures is down by -3.28% and there is short covering in Nifty Bank futures
Rakesh Stocks
28 Jan, 03:42
22500 is a major support and if nifty goes to 22500 there can be a pause or bounce
Rakesh Stocks
28 Jan, 03:42
PCR is 0.7 overall and 0.88 around ATM which is neutral to slightly bullish
Rakesh Stocks
28 Jan, 03:42
Nifty fell below its range of 23000 to 23400 and bank nifty is still in its range
Rakesh Stocks
28 Jan, 03:42
Yesterday there was bearish candle and nifty can go down further but need to be cautious because of budget on Saturday
Rakesh Stocks
27 Jan, 03:07
Overall it looks like nifty will fall, if nifty closes below 23000 then there is less hope for the bulls and nifty can fall further
Rakesh Stocks
27 Jan, 03:07
ICICI bank results are out and we have to see how it reacts and is it supporting the market or not
Rakesh Stocks
27 Jan, 03:07
Bank nifty is in range and if bank nifty closes below 48200 we can look for bearish trades
Rakesh Stocks
23 Dec, 02:26
Today because of FED meeting and nifty weekly expiry market can be volatile. For bank nifty we can wait for today how market will react and then make the positions
Rakesh Stocks
23 Dec, 02:26
Nifty went down by 0.56% and bank nifty went down by 1.32% yesterday.
Rakesh Stocks
23 Dec, 02:26
Yesterday reliance was holding the nifty but bank nifty was falling more than nifty
Rakesh Stocks
23 Dec, 02:26
Both the indices broke down the last Friday low. Nifty is bearish as shared the view yesterday morning
Rakesh Stocks
29 Nov, 03:40
In nifty selling came from 24350 and it closes below 24000 which is not good sign for bulls, where as bank nifty goes above but selling came which dragged bank nifty down and it closes below 52000
Rakesh Stocks
29 Nov, 03:40
If we see the chart nifty looks short again, it does not crosses above 24350 but it also breaks its psychological level of 24000.
Rakesh Stocks
29 Nov, 03:40
But for the short trades we need to see where it closes today. If it rallies back up then we have to wait for the short trades because yesterday was expiry and volatility was because of it.
Rakesh Stocks
29 Nov, 03:40
yesterday if we see the broader market, midcap and small cap index closed in green even nifty next 50 closed in green
Rakesh Stocks
29 Nov, 03:40
PCR is 1.2 at ATM and 0.7 overall which is not clear because of 23500 strike. We will check the open interest between the market
Rakesh Stocks
29 Nov, 03:40
Let's see what happens in the market today, if nifty rallies back up then we will check 24350 levels otherwise if it closes below 24000 we will look for short trades
Rakesh Stocks
14 Nov, 03:12
In last hour bank nifty takes support at 50000 and now it is the key support level for bank nifty
Rakesh Stocks
14 Nov, 03:12
PCR is 1.91 at ATM and 1.13 overall, this PCR is distorted because of 50000,49500 strikes
Rakesh Stocks
14 Nov, 03:12
As Bank nifty weekly expiry are over now, we will check the monthly expiry but there is nothing in the OI and PCR is distorted, we will check the OI when it build up
Rakesh Stocks
14 Nov, 03:12
overall there might be some consolidation after its free fall in last two trading sessions, lets see what happens
Rakesh Stocks
14 Nov, 03:12
because of CPI inflation and some structural problem in banks, it is reacting more and falling
Rakesh Stocks
31 Oct, 03:07
What a volatile market yesterday, nifty fell and tested previous day 24150 support and after that it recovered and closes above the trendline
Rakesh Stocks
31 Oct, 03:07
Nifty made a bullish harami candle and yesterday it confirmed, as shared earlier this might be the bottoming for now and it may move higher
Rakesh Stocks
31 Oct, 03:07
There is some call unwinding at 24500 yesterday but it is still a resistance
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