Nifty Bank IndexPanjang
NIFTY AND BANK NIFTY ANALYSIS 11 NOV 2022
11Nov 2022 0900 Hrs
1. US has opened almost 5% up based on apple quarterly result.
2. The same is not reflected in Europe and Asia as they have opened 2.5-3% up.
3. HDFC Twins are looking very strong and ICICI Bank has bounced back as expected.
4. IT stocks may take clue from US tech stocks and bounce back. Reliance is weak with 2 days of under performance.
5. India VIX is at 15.5 indicating bullishness.
Verdict.
1. I will not be a buyer in either bank nifty or nifty after a record 300 and 900 points insane gap up.
2. I will wait for a dip or consolidation before buying. HDFC Bk will be a good buy.
1. US has opened almost 5% up based on apple quarterly result.
2. The same is not reflected in Europe and Asia as they have opened 2.5-3% up.
3. HDFC Twins are looking very strong and ICICI Bank has bounced back as expected.
4. IT stocks may take clue from US tech stocks and bounce back. Reliance is weak with 2 days of under performance.
5. India VIX is at 15.5 indicating bullishness.
Verdict.
1. I will not be a buyer in either bank nifty or nifty after a record 300 and 900 points insane gap up.
2. I will wait for a dip or consolidation before buying. HDFC Bk will be a good buy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.