Bank Nifty continues to show weakness...susceptible for big falls.

1. RIL 2. SBI 3. Tata Steel.
In view of +ve divergences appearing in many stocks and some indices, a bounce is expected. Earlier 9400-9440 has acted as strong support and the same may be attempted.
A "Pause" in the fall, "profit booking by Bears" for few days.

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Bank Nifty towards 8550...& trading opps.

Bank Nifty is falling after a "Head & Shoulder" formation, broken the neckline, pulled back and poised for the big plunge...to 8550 (As shown in the previous post)

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Technical Analysis - Nifty, Bank Nifty, Stocks.

You may view the Technical Analysis of Nifty, Bank Nifty by downloading the files from the top right corner of this blog.
For stocks, Sundar's TA file is uploaded.
For NF stocks, Rajagopal's file is being uploaded.(By 7.30PM)

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Bank Nifty & Trading Opportunities

The steepness of the fall suggests of some serious falls ahead. The target for this H&S pattern would be approx. 8550.
Any bounces will be limited to 9255 to 9340. Monthly Low ema which is @ 8605 presently will move down with new lows.

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Bank Nifty & Trading opportunities.

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Bank Nifty's range contraction.

1. RIL 2. TATA STEEL

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Bank Nifty & Trading Opps.

Dear Girish,
The Projected Highs and lows for trading for the day has been arrived at using various inputs including the important VIX factor of future stocks given in NSE site.
Mr.Rajagopal has made a file for the Future stocks and I am giving the link for it at the top right corner of this blog. You may download and make use of it for your trading.

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