Nifty bank 15 minutes a candle:
1. 39000 act as strong support today in Nifty bank for intraday. But Nifty bank make turn around from any levels below 39000 till it does not breaks 38450. If crosses then Nifty bank will be bearish for short-term or a week till expiry.
2. Nifty bank will be bullish above 40000 for short range or little profit. But it has to cross the Blue trend line.
Nifty 50 view:
Bank Nifty a candle a week overview: Creating wedge pattern (Click here to read...). BLUE line is resistance of 37000 levels and RED line is support trend line. 4-5% correction is due in as per Nifty 50 as it has runned too much.
Bank Nifty a candle a month overview: Creating wedge pattern (Click here to read...). BLUE line is resistance of 37000 levels and RED line is support trend line.
|
VALUATION |
NIFTY 50 PE RATIO RANGE |
DESCRIPTION/MEANING |
|
VERY EXPENSIVE |
25 TO 30+ |
RARE EVENT. LOOK FOR SHORT OPPORTUNITIES, EXTREMELY SELL SUGGESTED |
|
EXPENSIVE |
20 TO 25 |
BOOK AT LEAST 60-75 % PROFIT BY SELLING YOUR PORTFOLIO |
|
AVERAGE/MODERATE |
15 TO 20 |
BUY OF GOOD LEVELS AND/OR HOLD (IF ALREADY BOUGHT) |
|
INEXPENSIVE |
12 TO 15 |
EXTREMELY BUY |
|
VERY INEXPENSIVE |
BELOW 12 |
RAREST EVENT. BUY, BUY, BUY |
