Expectation on RBI rate cut strengthens the market, but demonetization/FED Hike will decide the direction.

Time: 7:05 am Banknifty ·                     Apparently Banknifty moved significantly yesterday. ·                     Rally is due to the expectation out of RBI rate cut. ·                     There seems to be some buying in SBI at lower level. ·                     ADX is trying to come up in SBI. ·                     It can move up violently at any

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Still Bears are in better control with natural strength shorting.

Time: 7:15 am Banknifty ·                     FII still sells private bank shares. ·                     There is no point in taking view in Banknifty. ·                     It is highly volatile by nature and it has more reasons (RBI news) to be volatile. ·                     Technically Banknifty is weak. ·                     Keep in mind that even if Banknifty

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FII selling, OPEC Decision and Demonetization are hurting Market

Time: 4:30 am Banknifty ·                     FII still sells private bank shares. ·                     Market smells that Demonetization is not going to be useful to India as 11L C has come to banking channel. ·                     Short sellers are back to form to short again. ·                     Blood bath started in Banknifty. ·                     It

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The biggest wall 200 EMA (8300) is ahead for Nifty.

Time: 6:00 am Banknifty ·                     Banknifty is driven by heavy weight stocks ICICI bank and HDFC bank. ·                     There was huge short recovering in both the stocks. ·                     Midcap PSU banks are moving higher whereas SBI and BOB are yet to run up ·                     ICICI bank is 4% up in US

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