In the last six sessions
Bank Nifty has rallied 3.8% with HDFC Bank contributing 4.9% and ICICI Bank just 2.6%. Clear underperformance from ICICI despite the sharp recent rebound. The 1388 level remains a strong resistance zone and a close above it this week looks unlikely.
In the last six sessions
Bank Nifty has rallied 3.8% with HDFC Bank contributing 4.9% and ICICI Bank just 2.6%. Clear underperformance from ICICI despite the sharp recent rebound. The 1388 level remains a strong resistance zone and a close above it this week looks unlikely.
Yesterday
HDFC Bank is trading 4% lower to ATH
ICICI Bank is trading 9% lower to ATH
I found a trade in ICICI Bank at 1365 based on this logic
Today it seems like it is catching up.
Lets see if it can sustain or not
In the unlisted market Tata Capital traded at ₹1,100 while the IPO price is ₹310 (a steep 70% cut from unlisted levels)
The innocent, greedy and foolish retailers are losing some big money here.
In the unlisted market Tata Capital traded at ₹1,100 while the IPO price is ₹310 (a steep 70% cut from unlisted levels)
The innocent, greedy and foolish retailers are losing some big money here.
Todays short trade didn't work
However closed few longs after todays Jump (Just a technical bounce)
Nifty50 must close above 24950 on daily charts
I dont think there will be a follow through buying on friday. let us see
Todays short trade didn't work
However closed few longs after todays Jump (Just a technical bounce)
Nifty50 must close above 24950 on daily charts
I dont think there will be a follow through buying on friday. let us see
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