Nifty Bank Index
Short

NIFTY AND BANK NIFTY ANALYSIS 28 DEC 2022

28 Dec 2022 0715 Hrs
1. US and Europe has become choppy with a negative bias. selling may start post new year.
2. Kospi is Down 2.3%. Nikkei is neutral to bearish.
3. SGX Nifty is indicating 75 points downtick @ 18072. This amounts to 210 points downtick to bank nifty @ 42650 levels.
4. Bank Nifty is at 200 SMA resistance. same is the case with Nifty.
5. HDFC Bank and ICICI bank has reached its trendline resistance . HDFC Bank is almost reaching its all time high.
6. Bank Nifty has highest Call OI at 43000 and Put OI at 42500. For Nifty it is between 18000 - 18200.
7. Reliance is consolidating with a negative bias.
Analysis
1. I remain bearish on nifty and bank nifty and still sell on rally to 43000 and 18200 levels.
2. i will buy if Bank nifty drifts down to 42300 levels and in Nifty to 18000 levels.

Wyłączenie odpowiedzialności