I am having a trade setup on Bank Nifty future, while looking at the daily chart I see some resistance on bank nifty future at 9900 zone (Spot Level). I will be looking for short selling opportunity around 9900 level (Spot Level), for trading target 9700 level (Spot Level) while placing stop at 10000 zone (Spot Level). Look at the Bank Nifty chart: You can also see 100 EMA acting as resistance ... [Continue Reading]
Stock At Resistance: Short sell Vijaya Bank Future near 55 to 56, Target 51 level, Poor Q3 Results
Vijaya bank has declared its Q3 results on Wednesday and this quarter was a lag for the bank. The Q3 profit of company has declined by 18% to Rs.124 crore against Rs.152 crore in same period last year. Net interest income (NII) declined to Rs.475 crore, major dragger was the NPA (Non performing asset) it stood at Rs.997 crore against Rs.599 crore in the previous year. This was fundamentals, now ... [Continue Reading]
Short SBIN for Intraday Trading: Sell State Bank Of India Near 1900 Target 1870
Intraday trading setup found on state bank of India SBIN charts, Stock has been facing resistance near 1900 level which is 61.8% Fibonacci retracement level. Also another confirmations for this short position is Bank Nifty is also trading near resistance of 9200 level, even there we may see correction of about 300 points. Today Nifty future is trading at psychological level of 5000, some profit ... [Continue Reading]
Nifty Future Major Resistance at 5000 level, Short Selling opportunity in Nifty Futures December Series
An increase in US Dollar liquidity by group of major Central Banks, has given very good surprise by reducing over night swap rates of USD by 50 bps. This has led all the stock markets across the globe bounce, and was responsible for this risk aversion rally in all risky assets. We are of view that this rally is short lived and bears will return in control very soon. Yesterday there were many ... [Continue Reading]