-------- Forwarded Message --------
Subject: Bank Nifty (Nov): 16600-16500 Is A Good Support-----
Date: Fri, 13 Nov 2015 08:21:37 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Expect 17540-17950 only sustaining above 16500;*
*Otherwise 15795-15325 may be on the card*
Govt's reform initiatives & NPA peaking may help
*Trading Levels : BNF-Nov*
LTP: 16971
SL=+/- 25 POINTS FROM SLR
T1 T2 T3 T4 T5 SLR
Strong > 16550 16625-750 16850-993 17060-130* 17200-240
17325-540 <16500
Weak < 16500 16394-325 16195-050 15915-882* 15795-560 15450-325
>16550
As par early morning indication, today both NF & BNF may open lower as
SGX NF is trading around 7760 followed by overnight weak US market (down
by around 1.40%).
US & global market is some what confused by a brigade of FOMC speakers
yesterday including Chair Yellen (Fed soap opera !!). Although Yellen
was quiet about any Dec lift off, others were sounding more like hawkish.
As of yesterday, FFR projecting around 66% probability of Fed rate hike
in Dec and 90% of the economists polled by Reuters are expecting that
too. Although, the above numbers are quite impressive, Fed will look
into various economic data including today's PPP & retail sales figure
and next month's NFP figure. Some sections of the market are also
skeptical about any possible Dec lift off by Fed as that may roil the
market at the year end. Also there is higher risk of severe El-Nino in
the US/Pacific ocean next year.
In any case, market may also be slowly discounting the probable Dec lift
off and subsequent rate hike @0.25% in every alternate meeting up to
1.25-1.50% FFR by Dec'2016. On the part of the Fed, they are doing a
tremendous job of market expectation management and this time, if they
do not act in Dec'15, then credibility of Fed may be put in question
too. Its really a catch 22 position for them !!
Back to home, as expected, Govt unleashed a barrage of FDI reforms in
the form of Diwali gift, just after Bihar debacle and expect more of
such types of gifts in the coming days including passage of GST.
*For BNF, technically, we may be in the 2-nd wave in the daily EW set up
and the projected target of the same might be around 16650-16000 and in
that scenario, 3-rd wave may take us to around 17950-18000.*
*Analytical Charts:*
<http://1.bp.blogspot.com/-vVvtE2FN-PM/VkVKrn40fwI/AAAAAAAAE3Y/g73xClcKChk/s1600/BNF-WK-11-11-2015.png>
<http://3.bp.blogspot.com/-aznuLeJB6oE/VkVKvZk42vI/AAAAAAAAE3g/EetYp56NfvQ/s1600/BNF-FIBB-11-11-2015.png>
<http://1.bp.blogspot.com/-6MvdzW5f1S8/VkVKxhRGghI/AAAAAAAAE3o/oOqkti8SUzE/s1600/BNF-WK-MA-11-11-2015.png>
<http://3.bp.blogspot.com/-uyVNjIwnrYM/VkVK80RGNlI/AAAAAAAAE3w/QKULlwYvv-4/s1600/BNF-TL-RSI-11-11-2015.png>
<http://2.bp.blogspot.com/-EE9NiFgGseA/VkVK_Q5xPdI/AAAAAAAAE34/oU3TTC2xZKs/s1600/BNF-PATTERN-11-11-2015.png>
<http://3.bp.blogspot.com/-MpYuZ_zEXM4/VkVLBkZL9OI/AAAAAAAAE4A/OOvIuXe4Q38/s1600/BNF-EW-11-11-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.in)
NCFM-TA Certified
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
