BANK NIFTY: SUPPORT OF INDUSIND
IndusInd Bank soothes nerves with decent NIMs
Market’s big fear was all banks will show poor NIMs
One leg of correction might be over in Bank Nifty
Bank Nifty closed at 100 DEMA yesterday
Bank Nifty also trading at 20 Week EMA
Logical target for Bank Nifty in next correction: 44,500
44,500 is the 200 day Simple moving average
MARKET: WHAT NEXT?
Focus on cos delivering good results
Market is rewarding good nos, yesterday Oracle surged 30%
Yesterday’s low is now sacrosanct for Nifty
Markets normally always test panic low to check strength
Over next few days, Nifty is likely to test 21,285 again
TRADE SETUP
FII Long Exposure in Index Futures
% Net Contracts
Series Start 70% +81650
Jan 16 66% +79600
Jan 17 54% +20650
Jan 18 49% -4650
IndusInd Bank soothes nerves with decent NIMs
Market’s big fear was all banks will show poor NIMs
One leg of correction might be over in Bank Nifty
Bank Nifty closed at 100 DEMA yesterday
Bank Nifty also trading at 20 Week EMA
Logical target for Bank Nifty in next correction: 44,500
44,500 is the 200 day Simple moving average
MARKET: WHAT NEXT?
Focus on cos delivering good results
Market is rewarding good nos, yesterday Oracle surged 30%
Yesterday’s low is now sacrosanct for Nifty
Markets normally always test panic low to check strength
Over next few days, Nifty is likely to test 21,285 again
TRADE SETUP
FII Long Exposure in Index Futures
% Net Contracts
Series Start 70% +81650
Jan 16 66% +79600
Jan 17 54% +20650
Jan 18 49% -4650
👍80❤30🔥7🙏7