- Yesterday bank stocks were beaten down hard esp ICICI bank
- It fell down 6%
- HDFC bank was also down due to Aditya puri stock sale
- As a result Bank nifty was down around 800 points or 3%
- NIfty on the other hand was marginally down
- Reliance hit All time high yesterday. IT stocks also were quite bullish.
- Tech mahindra also posted good results after market.
- US markets fared well yesterday
- Asian markets are too up
- SGX nifty is up 30 points
- 11200 and 23000 has become a good resistance for nifty and bank nifty
- 4 Banks RBL, YES, Indusind, idfc will declare results today.
- We will have to seee how market reacts to their results
- FII and DII were both net sellers yesterday. FII turned net sellers after a continuous buying spree.
- This could mean trend change. Lets see what they do today
- Only 3 days left for monthly expiry.
- Nifty 11100-11250
- Bank nIfty 21500-22500 range for expiry
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