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Bank Shares

Discussion in 'Technical Analysis' started by yankeedin, Dec 16, 2012.

  1. yankeedin

    yankeedin Responder

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    Most of the banks have formed bullish pattern.. Looks like most of the banks will show good jump. My picks:

    1. Yes bank and Canara bank-- target 490+ SL 440
    2. OBC -- target 370+ SL 330
    3. ICICI -- 1170+ SL 1100
    4. SBI -- 2370+ SL 2250
     
    Last edited: Dec 16, 2012
    yankeedin, Dec 16, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Better to be going with Bank Nifty
     
    shabbir, Dec 17, 2012
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  3. yankeedin

    yankeedin Responder

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    canara bank touched target of 490
    yes bank near to target 490. May touch tomorrow
    sbi already reached target of 2370

    obc and icici still to reach target
     
    yankeedin, Dec 20, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Party time Dinesh.
     
    shabbir, Dec 20, 2012
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  5. shwetagnema

    shwetagnema Active Member

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    icici bank

    is it right time to buy icici bank with the target 1175 and stop loss 1100
     
    shwetagnema, Dec 26, 2012
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  6. naveen1241

    naveen1241 Responder

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    Hi

    Can you explain how to trade Bank Nifty ? I'm a novice on this and haven't done before. What's the cost per unit ? Also what other difference is there compared to individual stock trading. What about dividend factor if going long on bank nifty

    Thanks
    Naveen
     
    naveen1241, Dec 26, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    No but wait for few trading sessions and then see if it does not crack 1100, then you can go long with 1100 as stop.

    Bank Nifty is traded in futures and so unless you understanding trading in futures, you can avoid it. Many argue on this but I have never felt need to trade in future or in options.

    Still I will answer your questions.

    You have to buy lots in futures and bank nifty is no difference.

    Yes there is difference than trading in cash market which is you don't need to invest the complete amount and take a lot of Nifty with the margin money only and I don't recommend margins - http://shabbir.in/no-margin-trading/

    There is no dividend when it comes to trading in indexes like bank nifty or nifty
     
    shabbir, Dec 26, 2012
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  8. naveen1241

    naveen1241 Responder

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    Thanks Shabbir.. You always do give answers in the most precise manner as expected... Highly appreciate your inputs and that too answers coming out this quick...very commendable.. A big thanks again :) :) :)
     
    naveen1241, Dec 26, 2012
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  9. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Dec 26, 2012
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