Thursday, 25 July 2013

Technical view by Nooresh

Technical view by Nooresh

Bank Nifty and Nifty – Major Divergence. Pair Trade- Short Nifty and Buy Bank Nifty ?

Posted: 25 Jul 2013 11:26 AM PDT

  Generally we see Nifty and Bank Nifty to go in tandem over the last many years.   This is almost the first time we are seeing such divergence.   A pair trade can be initiated when Bank Nifty dips to 10300-10500 and short Nifty. One can even do the same at current levels.   [...]
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Bank Nifty, ICICI Bank and Axis Bank – Nearing long term trendline support.

Posted: 25 Jul 2013 11:21 AM PDT

  Bank Nifty Technical View   -> Although it has broken the major momentum channel but now it is nearing a 5 year important trendline in the band of 10500-10250. -> Such important supports are not broken with ease and even if it has to we may see a strong bounce or a major reversal. [...]
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