dear anil ji
pl guide me as FED and BOJ meeting on Wednesday how you see the bankniffty and specially federal bank for Monday and Tuesday i will be obliged by your view
amrit ak
pl guide me as FED and BOJ meeting on Wednesday how you see the bankniffty and specially federal bank for Monday and Tuesday i will be obliged by your view
amrit ak
Generally my observations are not for short term...still on your insistence...
Bank Nifty:
In uptrend price action on daily in short term is sideways to down...Strength only above 20100 levels now...Momentum wise, its looking fatigue needed a sideways to down action...On daily charts we witnesses almost a same closing as compared to prev day but volume was above average...almost double compared to prev day...it can be read as attempt by bulls to clear but lacking follow up resulted in weak close...also closing was near the low of daily bar...
Federal Bank:
Strength in short term only above 73.2 levels...EOD close will be better...
Both bank nifty and federal are in uptrend in intermediate timeframe...i noted my observations for short term...