Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe market saw rejection from higher levels today, but banks managed to perform a little better. The short-term structure seems reasonable, but the volatility still continues. Today was a tricky day for intraday bulls, especially if we do not consider the final hour or so.
Sbin
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBudget over rally over? We saw Nifty closing almost exactly at the budget day's closing price, possibly owing to a resumption of FII selling. Where do you think we could be headed? Do you foresee a deeper correction? IT especially looking a little weak.
Short $SBIN CMP ₹475.30Short $SBIN CMP ₹475.30. Falling channel pattern. Stock price recently broke 50 SMA with volume. It may retest 50 SMA but MACD is showing no signs of positive volume so it may not be successful. Lowers lows on day chart. Intermediate support ₹450 area. Short term target is 200 SMA which is ₹420 area.