Nifty Bank IndexLong
NIFTY AND BANK NIFTY ANALYSIS FOR 08 NOV 2022
08 NOV 2022 2100 HRS
1. US, Europe has recovered after a brief pull back. Asia is looking strong.
2. SGX Nifty is indicating 98 points uptick. This amounts to 18300 and 42000 For Nifty and Bank Nifty resply.
3. HDFC Twins, ICICI Bank and Reliance are looking strong.
4. Nifty has strong Resistance @18300 and Sp at 18100.
5. Bank Nifty has Resistance at 42000 and Sp at 41500.
6. IT is underperforming the index.
7. Most of the Index stocks are doing well.
Verdict.
1. I will Buy 42000 puts if the first 5 min candle show indecision or form spinning top.
2. Same is the case with Nifty. Can buy 18300 Put.
Individual stocks.
1.Hindustan copper can be bought @110-113 Tgt 120 Stop Loss 108.
2. Prestige estate can be bought @450 -455 Tgt 498 SL 441.
I AM NOT A SEBI REGISTERED TRADER. THE VIEWS ARE PERSONAL. PLEASE DO YOUR OWN DUE DILIGENCE AND USE THE INPUTS TO IMPORE YOUR DECISION MAKING.
1. US, Europe has recovered after a brief pull back. Asia is looking strong.
2. SGX Nifty is indicating 98 points uptick. This amounts to 18300 and 42000 For Nifty and Bank Nifty resply.
3. HDFC Twins, ICICI Bank and Reliance are looking strong.
4. Nifty has strong Resistance @18300 and Sp at 18100.
5. Bank Nifty has Resistance at 42000 and Sp at 41500.
6. IT is underperforming the index.
7. Most of the Index stocks are doing well.
Verdict.
1. I will Buy 42000 puts if the first 5 min candle show indecision or form spinning top.
2. Same is the case with Nifty. Can buy 18300 Put.
Individual stocks.
1.Hindustan copper can be bought @110-113 Tgt 120 Stop Loss 108.
2. Prestige estate can be bought @450 -455 Tgt 498 SL 441.
I AM NOT A SEBI REGISTERED TRADER. THE VIEWS ARE PERSONAL. PLEASE DO YOUR OWN DUE DILIGENCE AND USE THE INPUTS TO IMPORE YOUR DECISION MAKING.
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