Nifty Bank: According to the yesterday closing “46968” in Nifty Bank, we can see the market is at resistance Level. As per the technical overview in Bank nifty, we can see on upside two crucial resistance is present at R1 47420 and R2 47600 On the other hand, on downside S1 46640 and S2 46470.
In a 30 min time frame Nifty bank is showing an “Symmetric Triangle” pattern, below you can see in the chart.
Today’s stocks of the Day
- Phoenix Ltd: In Phoenix Ltd on a 30 min time frame we can see a “M” or double bottom pattern, If the stocks are capable to hold or take support at lower level, then we can see a strong upside in Phoenix Ltd.
Global Events for today:
- BoC Interest Rate Decision *CAD*���������������
- Crude Oil Inventory *USD*������������
F&O ban list:
- DELTACORP, IBULHSGFIN, INDIACEM, ZEEL
Stocks in News:
- Oil prices pinned near 5-mth low on China woes, US inventory build.
- Bank of India initiates QIP launch, floor price set at Rs 105.42 per share