Note:  I couldn’t write blog for last few days due to network issue caused by cyclone in Chennai. Time: 9:15 pm Market ·         Market is looking for direction. ·         Nifty will take support around 8000 and Banknifty will take support 18100. ·         There was huge delivery volume in Axis bank

Time: 1:45 pm Banknifty ·                     Irrespective of Demonetization success, banking sectors will do better. ·                     I could smell DII buying in PSU banks slowly. ·                     FII selling is subsided, but we need to monitor for some more days. ·                     Fresh long positions have been added to PSU banks. ·                     Short

Time: 8:50 am Banknifty ·                     As I have said, I am not bearish in Banknifty. ·                     So much long positions have been maintained in banking stocks. ·                     SBI is ready to run at any time with trending. ·                     HDFC Bank helped Banknifty to move ahead. ·                     The rally of PSU

Time: 6.55 am Banknifty ·                     To me, Banknifty is not that bearish. ·                     It is right time to sell more PUTs. ·                     It has formed very strong pattern Bullish Hammer. ·                     ICICI bank looks bullish to me. Formed Bullish Hammer pattern with bullish divergence patter. ·                     Unless I have Banknifty positions,

Time: 5:00 am Banknifty ·                     Short covering in SBI and not really long positions. ·                     In fact, new short positions have been added in PNB and BOB. ·                     ICICI Bank and HDFC banks are up in US. ·                     There was not much volume too. ·                     If RBI rate cut is