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Bullish Hammer Pattern almost in all Banking stocks shows that Banknifty is ready to run up towards 20575.

Time: 5:30 am                                                   FII: -127c DII: -167c Nifty ·         Nifty never minds about overbought territory. ·         Busy in reaching 100% retracement and all-time high (9000 – 9100). ·         Expecting this will happen before March 2nd week as discussed before in the log. ·         Banknifty is ultra-bullish with hammer pattern. ·        

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PSU Banks are hungry and ready to swallow RBI rate cut today.

Time: 5:35 am                                                   FII: +201c DII: +1620c Nifty ·         RSI is going up and ADX started going up aggressively. ·         INFY jumped back as expected. ·         Both IT and Pharma sectors are coming up now. ·         Both sectors are in long term bear, it is only temporary relief now. ·        

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Banknifty FNO position smells only less RBI rate cut (0.25). INFY seeks support at 900.

Banknifty FNO position smells only less RBI rate cut (0.25).  INFY seeks support at 900.

Time: 8:07 am                                                   FII: -403c DII: -449c Nifty ·         FII are in sell side now. ·         RSI is going up and ADX started going up aggressively. ·         Almost all nifty – Banknifty stocks are trying to form bearish divergence. ·         However they did not turn bearish yet with volume. ·        

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RBI Meet is set to accelerate Banknifty and Nifty is heading towards all-time high.

Time: 6:30 am                                                   FII: +353c DII: -42c Nifty ·         I couldn’t’ write blog for the last 2 trading days as I was out of station and had no positions. ·         FII are in buy side after demonetization issue is diluted. ·         RSI is going up and ADX started going up

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Nifty has formed bearish divergence which is dangerous and budget only can save nifty from this pattern. Better to stay away in such scenarios.

Nifty has formed bearish divergence which is dangerous and budget only can save nifty from this pattern. Better to stay away in such scenarios.

Time: 8:15 am                                                   FII: -532c DII: +607c Nifty ·         FIIs are in sell side. ·         Nifty has formed bearish divergence pattern which is highly dangerous. ·         Budget only can save Nifty from this pattern. ·         IT sector will get affected by Trump Decision. ·         Pharma sector also will join now.

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