Let us analyse BankNifty on 7th Dec 2016. Ahead of the RBI policy meeting to be held in the afternoon for a rate cut at 2.30 pm, the market traded cautiously within a very small range. Although it opened gap up but progressively headed higher. However, in the afternoon when no rate cut was announced […]
Daily Analysis: BankNifty on 6th Dec 2016
Daily Analysis: BankNifty on 5th Dec 2016
Let us analyse BankNifty on 5th Dec 2016. Bank Nifty made a flat opening in the morning trade, however it resisted around 18200 which formed a strong support for most part of the day. Italy voted ‘NO’ for the constitutional amendments in the referendum. Hence its PM, Renzi offered his resignation which was not a very […]
Daily Analysis: BankNifty on 2nd Dec 2016
Let us analyse BankNifty on 2nd Dec 2016. The previous session was not very enthusiastic for the bulls. All throughout the day, selling pressure was felt. This pressure continued when Bank Nifty opened with a gap down. The crucial level of 18400 was breached and hence the selling continued. However, sometime in the afternoon there […]
Daily Analysis: BankNifty on 1st Dec 2016
Let us analyse BankNifty on 1st Dec 2016.After rallying for almost more than 2 percent the previous day, bank nifty felt the selling pressure at higher level. The reason being the lower GDP data. Also, the demonetization effect has not completely faded away. All throughout the session Bank Nifty formed Lower Top and Lower Bottom and […]