Bank Nifty 09th Feb-15th Feb 2018 Analysis

Bank Nifty Weekly Expiry Closed at 25921, down 4.8 % for the week. Bank Nifty has started downwards from the date of Budget, with domestic factors like LTCG and Global Markets factors mainly US Bond Rate Hike.

Bank Nifty has been a downside for two consecutive weekly expiries now.

Bank Nifty Weekly Expiry was started from June 02 2016, its almost 89 weeks now, after weekly expiry has been launched, Till date, Bank Nifty has not closed 3 weeks on downside consecutively.

But if that has to break, this week we may have to script it.

Whereas, on upside bulls have closed 9 consecutive weeks upside only once, 4 times 3 weeks positive close, 2 times bulls have closed 4 weeks on higher side

The best part, every minute and every day and every week in MARKETS are UNIQUE.

So, the above data is just NUMBERS, it must not be the ONLY source for Trading planning.

But it could be used for one of the factors.

Banking Stocks Weightage in the Bank Nifty Index

  1. HDFCBANK- 33%
  2. ICICIBANK-19%
  3. Kotak-12%
  4. SBI-10%
  5. Axisbank-8%
  6. Indusindbank-7%
  7. Yesbank6%

 

This comes to 95 % of the Bank Nifty Movements

 

To Track, Bank Nifty, you need to know the direction of the above stocks

Especially TOP 4 Stocks

 

As per our last week article, anything below 25350 levels, Bears will have control

Next support to watch for next few weeks – 25050-24820-24660-24330-23820

Resistance levels to watch- 25600-25730-26150-26450-26880

If markets trade upwards, have lesser quantity size while trading – because market has taken turn downwards, any upside move may be used by markets participants to come out of their position

But that’s a probability –it may happen may not happen – ANY CLOSE above 26550 on weekly close for two consecutive weeks, we can say bulls have taken control till we can’t have  trust on upside

On, downwards, Keep adding position size much lesser than usual – as too much of volatility has risen for last week, let the dust settles down. Markets don’t fall in one side, it will test bears, every day by day and fall.Have Patience

Be subtle on downside as we have one lesser day in the next week expiry

 

Let markets decide its side, we shall just go by the side of the market

Always Trade with fewer quantities till you make 2 to 3 times of Capital

We need to see the trend and trade accordingly

Trade only from SAVINGS Money

Trade with PLAN

Sagar U.S

 

 

 

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Sagar U.S

Have all human nature like greed, fear, love, passion, compassion, but the latter qualities are my strength. Mission to create 1 Million Entrepreneurs !

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