Very eventful tday. Kotak as expected ferocious in the opposite direction after 3 weekly upward breakout failures. Indusind showing intentions to go below 1300 towards 1280. SBI finished it target reaching closing to 830 and returned.. ICICI also looks finished it path getting close to 1280 after bounce from 1220 and returned. Axis bank on its way to test lower levels. BN could not sustain above 52.2k even for an hour..HDFC Bank may settle around 1700. Very likely BN on its way to give away 50k and nifty futures 24k. Lets see. Trade Safe. Best Wishes.
booked some profits in icici calls around 40 and carrying few. best wishes.
als i have booked all profits in indusind bank and no position. trade safe.
harm bro, sbi is bearish on weekly as well as daily. do not know where it will go. icici bank neutral on weekly and improving on daily. so my self trying few itm 1240 calls around 30. it did not go below 25. also took few ntpc 395 calls as well when it went below 395. best wishes.
passerby sir any view about sbi and icici bank.. smiley
Axis as expected testing lower levels came down from 1200 odd levels to 1160. Very likely may test 1150 and 1130 levels. Best Wishes.
Bills Bro, I was monitoring this chochin shipyard as my view was purely based on charts without any idea of what their business is and fundamentals.. Smiley.. On daily it held 1380. Hope it holds on weekly.. Smiley. Best Wishes.
Bills Bro, Please take my chart read of Cochin Shipyard with a pinch of salt. Smiley.. It gave a vertical breakout above 1480 on weekly raising channel back in May towards 3k. Now testing those levels. It is very natural. It may have V recovery. Weekly over sold and Daily showing RSI divergence. A weekly close above 1650 can move to 2000 ad 2650 faster it looks. I would buy with a SL of weekly close below 1380 for a target of 3k plus. Please use your own analysis. Trade Safe. Best Wishes.
Passerby bro, thank you for your charts and analysis on Cochin Shipyard. Appreciate your time and input.
Looks like we will have a one way positive day till 2.30 today .
True . You are absolutely right it can surely happen . The way bank nifty closed is super bearish . Now Dow is correcting . Can make us open 24650 range and force bank nifty to go towards 51400 . Indus bank having results on 24th . Bajaj finance tomorrow and both super weak currently . Today’s last 60 minutes opened us for lower levels . Dow will underline it and our opening will trigger it
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