We have been robust on Bank Nifty spot above the 10400/10500 level and today so far it has reached to the level of 12700 where it saw an upside of around 21% in just over a month.
Below are some of the link where we discussed about Bank Nifty in the recent months@
Dated 19th feb@ http://moneymystery.blogspot.in/2014/02/bank-nifty-spot-finally-above-1040010500.html
31st Jan@ http://moneymystery.blogspot.in/2014/01/bank-nifty-villain.html
30th Jan@ http://moneymystery.blogspot.in/2014/01/what-ahead-for-markets.html
What Next???
Currently at 12673 when this msg posted.
It faces 3 tough resistance, R1@ 12787, R2@ 13268, R3@ 13317.
Current Strategy would be to book profit in key banking stock as Bank Nifty keeps on moving higher and breaking all the resistance levels.
Below are some of the link where we discussed about Bank Nifty in the recent months@
Dated 19th feb@ http://moneymystery.blogspot.in/2014/02/bank-nifty-spot-finally-above-1040010500.html
31st Jan@ http://moneymystery.blogspot.in/2014/01/bank-nifty-villain.html
30th Jan@ http://moneymystery.blogspot.in/2014/01/what-ahead-for-markets.html
What Next???
Currently at 12673 when this msg posted.
It faces 3 tough resistance, R1@ 12787, R2@ 13268, R3@ 13317.
Current Strategy would be to book profit in key banking stock as Bank Nifty keeps on moving higher and breaking all the resistance levels.
Later it made intraday high of 12767 and corrected over 160-180 points in no time.
ReplyDeleteTiming is what matters the most.