was thinking on fibo arc channels in nifty...thanks for posting. Yesterday upmove seems to be new beginning but somehow since i became ichi'mo k' trader, unless the price is above the clouds and clouds span bullish crossover take place in future span, this move is little confusing and will use to book profit. As per EW also, we are in 5th so it is better to cautious. Fundamentally the upmove has support. The anticipated hike in interest rate will result in higher revenues from loan book offsetting treasury losses from bonds. Anyway, RBI buyback of securities wld've reduced the mark to market loss. Higher GDP growth will ensure higher credit outflow resulting growth in loan assets. Perfect combination for picking up growth with momentum play.
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mok
was thinking on fibo arc channels in nifty...thanks for posting.
Yesterday upmove seems to be new beginning but somehow since i became ichi'mo k' trader, unless the price is above the clouds and clouds span bullish crossover take place in future span, this move is little confusing and will use to book profit.
As per EW also, we are in 5th so it is better to cautious.
Fundamentally the upmove has support. The anticipated hike in interest rate will result in higher revenues from loan book offsetting treasury losses from bonds. Anyway, RBI buyback of securities wld've reduced the mark to market loss. Higher GDP growth will ensure higher credit outflow resulting growth in loan assets. Perfect combination for picking up growth with momentum play.
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