Lets see how BNF and its components are placed on longer time frame
BNF - YAVWAP - 36760
LAVWAP-37590
HAVWAP-39550
BNF - YAVWAP - 36760
LAVWAP-37590
HAVWAP-39550
Lets do the same for all major banks
HDFC Bank - YAVWAP - 1403
LAVWAP -1407
HAVWAP - 1428
HDFC Bank - YAVWAP - 1403
LAVWAP -1407
HAVWAP - 1428
ICICI Bank - YAVWAP - 772
LAVWAP -823
HAVWAP - 881
LAVWAP -823
HAVWAP - 881
KOTAK Bank - YAVWAP - 1817
LAVWAP -1819
HAVWAP - 1855
LAVWAP -1819
HAVWAP - 1855
AXIS Bank - YAVWAP - 728
LAVWAP -725
HAVWAP - 725
LAVWAP -725
HAVWAP - 725
SBIN Bank - YAVWAP - 502
LAVWAP -519
HAVWAP - 544
LAVWAP -519
HAVWAP - 544
Posted the charts along with important AVWAP levels for all major banks.
Also posted in tabular form below.
Its clearly visible that Axis/ICICI/SBIN are leading the rise in BNF while Kotak Bank is neutral, moving with the flow, and HDFC Bank is dragger.
Also posted in tabular form below.
Its clearly visible that Axis/ICICI/SBIN are leading the rise in BNF while Kotak Bank is neutral, moving with the flow, and HDFC Bank is dragger.
In HDFC Bank if we start to cross 1440-1470 zone, then we can expect good side here also.
For BNF the first important level on downside is 37590, say 37500 and on upside is 39554 , say 39600. So a break and close for two days outside this range can give good move on either side
For BNF the first important level on downside is 37590, say 37500 and on upside is 39554 , say 39600. So a break and close for two days outside this range can give good move on either side
In the current monthly series we had touched 39750 on 6/10 and on lower side we started at 37580 on 30/9. This series is trading inside this 39750-37580, roughly this 2200 points range since last 8 trading session.
Inspite of all talks about Global Recession/ Wild move in INR and bad global cues our market are holding forte. Given a choice and based on current price structure my money will be on upside rather than downside
I am a intraday player and within this 2200 points range i will take 200 ++ trades on either side. But its always good to know the broader picture. This is my broader picture of market
Not holding any position EOD and hence where ever market goes, I will trade.
Rest your money and your choice..
Ha ji sirji TROLLER SAAB...kuch toh troll kijye...else apka dhanda kaise chalega ..its now your buddy.
Rest your money and your choice..
Ha ji sirji TROLLER SAAB...kuch toh troll kijye...else apka dhanda kaise chalega ..its now your buddy.
My boss used to say "A PERSON IS "GADHA" IF I CAN ACCEPT THAT, THEN DEALING WITH THAT PERSON BECOMES EASY"
So accepted the fact that few people will troll, simply cant stop them . So lage rahe TROLL SAAB
So accepted the fact that few people will troll, simply cant stop them . So lage rahe TROLL SAAB
LAVWAP - LOWEST AVWAP
YAVWAP - YEARLY AVWAP
HAVWP - HIGH AVWAP
YAVWAP - YEARLY AVWAP
HAVWP - HIGH AVWAP
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