Bank Nifty Levels for 12 oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Pre-Market Report 12 Oct 2022
SGX NIFTY is indicating a Flat opening
👉 SGX NIFTY is trading at 16964.5 up by 0.14%
👉 US futures are in RED
👉 ASIAN Market is in RED
👉 USDINR at 82.31
In Nifty 17000 PE and 17200 CE have high Open Interest in weekly
In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly
👉 Asia-Pac Stocks Begin Subdued Following The Choppy Performance And Late Selling Stateside After BoE Governor Bailey Rejected Calls For An Extension To Gilt Purchases Beyond The Friday Deadline; ASX 200 (-0.1%), Nikkei 225 (-0.2%), KOSPI (-0.1%)
👉 STOCKS TO WATCH:
DELTA CORP, KIRLOSKAR ELECTRIC, L&T FINANCE, GENESYS INTL, SPANDANA SPHOORTY, SUZLON, TCS, RELIANCE, DLF, GUJARAT PIPAVAV
👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
My view today 👉 Any gap up will again get correction today, I will look for a selling opportunity.
BANK
Trading Idea - #DeutscheBankMy trading idea for Deutsche Bank - Buy / LONG
Target: EUR 12.00 (+40% profit)
The recent valuation of the banking sector in Europe should lead to higher price targets across the industry.
Deutsche Bank should also be among the winners as rising interest rates create favourable business conditions.
From a chart perspective, the price of the Deutsche Bank share has broken the downward trend. The price is currently consolidating above the EUR 8.00 mark with a rising trend.
Tomorrow banknifty levels Today we see Banknifty in range . For us tommorow view was very clear by following today's chart . Buy banknifty only above the level we give to you bcz these level was major resistance in banknifty
Buy banknifty above 40688
Target 40754 40836 40947
Sl 40515...if market open with gap up then buy it according to our level and if it open above our level thn 41040 41243 41383
Sell bank nifty below 40517
Target 40427 40304 40151
Sl 40685
Bank of America Corp.: the instrument trades sidewaysNYSE:BAC
Current trend
The shares of Bank of America Corp., one of the US's largest banks and analytical agencies, are moving sideways around 33.00.
The downward dynamics of the asset are developing against the backdrop of investor pessimism regarding the recent Q2 report, which was one of the worst for the company: net profit fell by 33% and amounted to 6.2B dollars compared to 9.2B dollars a year earlier, EPS is at the level 0.73 dollars, well below 1.03 dollars a year earlier, while the corporation's revenue reached 22.69B dollars, down from 23.23B dollars a quarter earlier. The main disappointment for traders was that the division responsible for capital markets investments suffered a loss of 5.0%, which reduced revenue to 4.5B dollars. The new report, published on October 17, is expected to increase revenue to 23.51B dollars, while EPS could increase to 0.8011 dollars.
The next dividend payout is scheduled for September 30, and shareholders will receive 0.22 dollars per share, reflecting an average quarterly return of 2.66% per annum.
Support and resistance
n the global chart, the price has left the downwards channel and is preparing to continue its local growth. Technical indicators maintain a buy signal: Alligator's EMA oscillation range expands, fast EMAs are above the signal line, and the AO oscillator histogram trades in the positive zone, forming downward bars.
Resistance levels: 33.85, 37.34.
Support levels: 32.40, 30.00.
Trading tips
Long positions may be opened after the price rises and consolidates above 33.85 with the target at 37.34 and stop loss 32.00. Implementation period: 7 days or more.
Short positions may be opened after the price drops and consolidates below 32.40 with the target at 30.00. Stop loss — 33.00.
***All indicator readings and price values are historical data. Past price behavior is not a reliable indicator of future performance.
HDFC BANK LONG TERM ELLIOT WAVE ANALYSISHDFC bank is one of the largest private sector and biggest bank of INDIA and WORLD'S 10 th largest according to market capitalization .
HDFC bank is among top nifty 50 index stocks and one of the largest bank in bank nifty index with 28% weightage . According to ELLIOT WAVE ANALYSIS it has completed one big cycle and moving towards third wave which is considerd biggest waves among ELLIOT 'S 5 WAVES . Price has taken support near 1250 which was earlier a strong support zone.
Weekly candle has also broken channel and looking bullish .It is the best stock to consider for long term investment .
Trading Idea - #DeutscheBankMy trading idea for Deutsche Bank - Sell / SHORT
Target: EUR 5.80
Deutsche Bank with a mixed outlook for the year.
Although DB performed well in investment banking, earnings were lower than in the second quarter of last year due to higher costs.
The sell target is based on last year's support levels.
Banknifty important levels #banknifty
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