Riding The Wave

[Jitendra Togadia]

Well, I'm not bullish not bullish on bank nifty this week. I feel like there will be rebound next week. It may consolidate for a few days

 

[Placebo]

Today we have seen an interesting turn of events and in the next 30 mins until market closes not much is going to change. As of now the immediate trend in BankNifty has shifted. For most people this might be an opportunity to become net sellers but i'm going to be neutral during this period.

 

[Placebo]

Immediate trend seems bullish after today's price movement. Looking to open long position

 

[Placebo]

Okay so its been a while since i have taken a position and this got me thinking that this waiting time is driving me crazy. So in order to no do anything rash i have added all the banking stocks to my trading list and will be trading them as well along with BNF. My view as of now is that BNF is in an immediate downtrend. The stocks which are showing maximum downside potential for the next few sessions are PNB , Kotakbank and Hdfc. Looking to open short position as opportunity presents itself.