The 200-DMA is generally a good indicator of a long-term trend
More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts
The Reserve Bank of India's (RBI's) 50-bps repo rate hike triggered a sharp pullback rally in banking stocks on Friday. The Nifty PSU Bank index did even better with a rise of 3.01 per cent
Here are trading strategies for key banking stocks that will help you maximise your gain.
Bank of Baroda, Canara Bank, and State Bank of India may see even better returns as they have also broken out of "Double Bottom" pattern
The 100-WMAs hold the key for the Sensex and Nifty; Only a decisive breakdown of the same could mean medium-term bearishness for the benchmark indices.
Higher interest rate, though, should help improve short-term margins and spread
A fixation on the target amount, without improving the corporate governance of public sector enterprises, is misplaced
Sensex and Nifty need to conquer 100-DMA to avoid a major sell-off. Global cues, too, need to remain supportive for the up trend to resume
The NSE Nifty Bank can rally to the 40,000-mark, after it successfully conquers its 200-DMA.
If the BSE Sensex and the NSE Nifty 50 cross their respective 100-DMAs, the benchmarks can easily rally another 2.50 per cent each.
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.
The Sensex and Nifty can gain 2 per cent, while Auto and Realty indices seem poised for higher gains
As long as the underneath trend is bullish, volatility and minor dips shall be seen as opportunities to go long
A Death Cross, Descending triangle and a breach of significant levels reflect downside up to 16% for these banking shares
Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period
Expect PNB, Bandhan Bank and other banks to trade with a negative bias below 200-DMA
The overall market trend looks bullish; weakness, if any, may see investors buy at lower levels. Here's what technical charts indicate