Bank nifty and Nifty futures has been trading higher for almost 1.5 years. This all started back in the month of September 2013 when Shri Narendra Modi was declared as PM candidate of BJP. After registering a massive win by BJP in general election we saw lots of bulls joining the stocks and moving it northward. We are expecting this uptrend to continue until the government is pushing in the reforms.

Today, my analysis is on banking sector outlook which was the best outperformer in this bull run. Watch below video for bank nifty and banking sector analysis.

Advise for Investor:

We are expecting this up move to continue in banking stocks, especially in State bank of India, Yes Bank, and Axis-bank. We are extremely bullish on SBIN, every decline should be taken as a buying opportunity. Keep building long positions for now. If you are an investor then keep buying in small quantities (about 2% of your total allocation). This will help you to keep your risk as low as possible. Also allowing you to benefit from the current uptrend as per our banking sector outlook.

 

Advise for Traders:

Traders who are looking for short-term gains must avoid any trading positions overnight (carry forward for next day). As for the next few trading sessions volatility is likely to be very high. We have a budget session on Saturday 28, February 2015, this will be a very important event. Many traders will be watching it therefore positional trading is not advisable.

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Article updated on 18 Aug 2018.