Bank Nifty Technical View
-> Although it has broken the major momentum channel but now it is nearing a 5 year important trendline in the band of 10500-10250.
-> Such important supports are not broken with ease and even if it has to we may see a strong bounce or a major reversal.
-> A bottom up buying opportunity with risk-reward in favor comes at 10400-10500. Stoploss at 10250.
ICICI BANK Technical View
-> Over the last 5-7 years the major support and resistance was at 1000 odd levels which has been broken.
-> Now the stock is testing the major support line from 2008 levels at 900-920.
-> A risk-reward trade could be entered at those levels. Getting into naked call options could be a good strategy when it dips to that zone.
Axis Bank Technical View
-> After facing major tops at previous highs the stock has collapsed and broken recent lows.
-> In the short term one can expect a bounce from 1080-1100 zone which is again a 5 year support line.
TECHNICAL ANALYSIS TRAINING SESSION MUMBAI
Can check a brief on the course outline http://www.nooreshtech.co.in/technical-analysis-training
For more details mail on email@example.com or call Nooresh 09819225396 Ankit 09899899989
www.analyseindia.com ( For all our services )
Twitter – https://twitter.com/nooreshtech
Facebook – https://www.facebook.com/nooreshtech