Tuesday, 7 February 2017

HOW TO TRADE BANK NIFTY WITH CREDIT POLICY?

TO GET LIVE STOCK FUTURE CALLS GIVE A MISSED CALL ON 08030636442
BUY BANKNIFTY ABOVE 20410 TGT 20550/20650 SL 20349
SELL BANKNIFTY BELOW 20349 TGT 20250/20150 SL 20410
Nifty was trading in negative territory for whole day and closed in red at 8768  levels, down by 32points or 0.37%. Sensex closed at 28335levels, down by 104points or 0.37%. Technically, Indian Stock Market is still in positive zone. Market would consolidate and wait for the next trigger i.e. RBI Policy meeting,  that would be disclosed tomorrow. Some Profit booking can’t be ruled out at this point of time. BankNifty is near its last resistance of 20575 levels and once it closes above those levels, there is no looking back as it would confirm an Inverse Head and Shoulder pattern that would force BankNifty to see lifetime highs and even breach those levels with sharp positive momentum. This trigger would be seen if RBI see rate cut tomorrow. Overall, market is positive and traders should continue to hold long positions for now.. The support for the Nifty is 8765-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.The support for BankNifty is at 20330-20285-20165-20130 and the resistance to the up move is at 20576-20610-20780-20900 levels.
RBI POLICY MEETING
Expect the RBI to cut the repo rate by 25 basis points on Wednesday after December inflation hit a two-year low. But they warn it will be a close call since the central bank may even opt to maintain status quo until its next review in April.RBI may keep rates unchanged as it continues to assess the impact of the crackdown on high-value notes on inflation



20 comments:

  1. What may be the RBI move tomorrow ? Rate cut or unchange

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  2. today you have given both of the call ,buy and sell so on which call I should do trade???

    ReplyDelete
    Replies
    1. wait for level execution, and will do trade accordingly

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  4. can you give me option call n put also.

    ReplyDelete
    Replies
    1. yes, to get option (call,put) give a missed call on 08030636442 or visit OPTION TRADING TIPS

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  5. please suggest me for todays market.after 2 oclock.

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  6. I want to join your services, so how can apply???

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    Replies
    1. To join our services, please fill up the form on right side..>>

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  7. What time RBI policy results

    ReplyDelete
    Replies
    1. announced RBI CREDIT POLICY: NO CHANGE IN RATES

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  8. can you suggest me about commodity market??

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    Replies
    1. To get commodity tips plz fill the form on right side

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  9. After rbi policy meeting ., what is the market movement right now ??

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    Replies
    1. marginally correct, to settle around 8,500-8,600 levels and this correction should be used as an opportunity to buy on dips for market investment

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  10. I am trading with you from last 2 month for future but I want nifty call also , can you suggest me for nifty.?

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    Replies
    1. sure, to get technical nifty suggestions.please fill the form on right side..>

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