Globally USA markets are down due to likely negative USA consumer price index and USA Fed meet on Wednesday. Thus Indian markets will open subdued and thereafter post consolidating will take off to the higher levels. HDFC bank global ADR is up and this can lead to rally in bank nifty.

Bank Nifty Spot View For: 12/12/2022
Cmp: 43633.45
Support & Downside Range: 43480—43360—43140--42948
Resistance & Upside Range: 43608—43854--44000
Short Term Trend Reversal Level: -- 42948

Bank Nifty Recommendation

Trading View: Bank nifty acting stronger than nifty here key level to watch is 43140 spot levels till bank index trading above this levels it remains buy on dips and in such case one can use 42948 spot as

negation levels whereas upside 43608 is a key rest to watch break and sustain above it bank bulls will comes in action and may try to lift bank nifty towards 43854—44000 zone.

On 2nd November, we gave big targets on NIFTY and Bank Nifty which were achieved. Now is the time for some consolidation and also a dip. These bull market dips are highly bullish in nature as it helps change hands and brings in fresh buyers who missed last time. 

Bank Nifty will be more resilient than Nifty.

BankNifty. It is a strong Index. HdfcBank charts are super bullish and waiting for Flag pattern breakout. Once confirmed, BN can lead the reversal and touch new highs. Support is placed at 43300 and resistance at 44100.

Make use of our accurate Bank Nifty Recommendation and be a part of the team that book good profit on a daily basis.

Mid Afternoon Update

Bank Nifty is consolidating for past 3 hours and can break out in any direction and trade in the direction of the breakout as direction is not known as of now.

SEBI registration and further audit and monitoring is the benchmark of safety for retail traders. And Indian-Share-Tips.Com methodology culture, systems and operations have been found at par with the best global practices.

 

Indian-Share-Tips.Com takes pride in playing a pivotal role in helping clients achieve the highest profit while trading in the Indian stock market with main thrust on capital safety and thus it brings us in the top league of investment advisors providing the bank nifty recommendations in India which yields good profit for the traders. Your profit is our priority and this affirmation is a testament to that.

Quote for Stock Traders

"Never regret a day in your life: good days give happiness, bad days give experience, worst days give lessons, and best days give memories."

Myth Busted

Another big big lie is that option buyers mostly lose money. This is based on zerodhas analysis of open positions. But problem with this analysis is that.... even retail sellers have open buy positions for hedge legs, which are invariably in loss.

Better to approach market without any assumptions and make use of our bank nifty option tips on a daily basis.