We expect Bank Nifty to move in a broad range between 36,000 and 35,500 levels. A decisive close above 36,000 is required for short covering in this index, said Ashish Kyal of wavesstrategy.com
Volume Profile alone is not the only for taking signals but it gives the important context to the market.
Banking shares have outperformed the broad market and most sector indices in the past three months on the back of growing optimism over balance sheet growth
In today`s market, avoid the temptation to chase short-term returns, says Bharosaclub, an investment advisory with a twist In today`s market, avoid the temptation to chase short-term returns, says Bharosaclub, an investment advisory with a twist
The Long-Short hedging strategy is a tool to hedge trades positionally. This strategy is extremely useful to minimize risks by going long in one script/index and take short position in other script/index to hedge the position.
Rajat Bose of rajatkbose.com is of the view that one can short Yes Bank, Axis Bank and ICICI Bank at the current level.
In an interview to CNBC-TV18, Ajay Bodke of Prabhudas Lilladher says India's infrastructure capital expansion will recover in Q1FY16, but that is currently acting as an overhang on banking sector.