Mkt will open gap down
RBI guv announcement on rate cut today
Rate cut unlikely
HDFCBANK is strong and can move up and keep BANKNIFTY up if keeps trading above 1530!
Today trade according to the levels we have had 2 good movement days, so keep your qty in check and protect the gains made!
Intense selling was seen in the last hour in all global indices, make a note of this!
Brent is back above 91 , US Fed members are toning down their calls for rate cuts and US yield curve is witnessing a bear steepening and global stocks are at lofty levels..
Interesting mix.
We also need to watch Geo politics.. lot of rumbling happening in South China Sea, Straits of Hormuz, in Pakistan and Gilgit Balchistan
Interesting times ahead
Nifty
The Nifty gave life high closing in a highly volatile day and sharp recovery was seen in the second half of the last session. For the day, despite an expected negative opening,, we expect buying to emerge from lower levels as healthy Put writing is seen in ATM and OTM Put strikes.
Trade like a real pro trader who make real money every day using our accurate bank nifty tips as we trade less but trade accurately.
Bank Nifty
The Bank Nifty continue its outperformance vis a vis Nifty. According to option data, 48000 Call and Put both hold sizeable OI suggesting consolidation around current levels. However our bias remains positive and dips should be used to create fresh long positions.
Stocks in F&O Ban
Hindustan Copper, Sail, Zee
Intraday Recommendations
Titan Company Limited, Page Industries Limited
Trade Responsibly
We will start with small qty at opportune time and scale up above recommended level
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
