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 ... [Continue Reading]
Private Sector Banking Stocks Looks Attractive: ICICI Bank may Outperform State Bank of India
ICICI Bank Ltd is India's largest private sector bank, operating a huge networks of its branches and ATMs across the country and abroad. Looking at the daily stock chart, we see price action is suggesting consolidation and we are waiting for a confirmed breakout. So our initial strategy would be to enter the buy trade on the positive breakout, we will place our buy entry orders above 1090 level ... [Continue Reading]