Banknifty congestion may turn, but no neutral candle seen. May be turning point for nifty also if banknifty does. Your charts show that in the candles.
just that composition of index. Barring SBI, other major banks results are good which is holding index. In case of nifty, many of the heavy weights results are not in tune with market expectations. Further uncertainty regarding commodity prices & QE 2 also playing as FII keep on selling. e.g Powergrid. Only LT has survived this onslaught so far.
Very detailed information you give. Thanks. Next series nifty is in more discount also. Nifty candles in your chart also shows continuation of downtrend. Best to stand aside tomorrow, and act after the new series is active. Your blog shows good information. Good night.
3 comments:
Banknifty congestion may turn, but no neutral candle seen. May be turning point for nifty also if banknifty does.
Your charts show that in the candles.
@ invested
just that composition of index. Barring SBI, other major banks results are good which is holding index.
In case of nifty, many of the heavy weights results are not in tune with market expectations. Further uncertainty regarding commodity prices & QE 2 also playing as FII keep on selling. e.g Powergrid. Only LT has survived this onslaught so far.
Very detailed information you give.
Thanks.
Next series nifty is in more discount also.
Nifty candles in your chart also shows continuation of downtrend.
Best to stand aside tomorrow, and act after the new series is active.
Your blog shows good information.
Good night.
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