July 5, 2011

BANK NIFTY ,SBI and VIX Analysis

BANK NIFTY DAILY
STATE BANK OF INDIA DAILY CHARTS
INDIA VIX
  • Bank nifty is slowing down near 200 DMA. 
  • Price has given a doji candle near 200 DMA. Doji shows indecision and when it comes near moving important moving averages or trend lines it usually lead to a good move in either direction.
  • SBI is pausing at 38.2% Fib resistance level and near 50 Day moving average. Price should sustain above these levels for this up move of SBI to continue.
  • India Vix seems to be making a bottom. If stochastic starts to move up then we may see the VIX move up.
By at

6 comments:

  1. JaganJuly 5, 2011 at 9:04 AM

    i used to follow trendline,stochastic and macd, i want to learn about vix also. i am using amibroker software how to implement it.

    ReplyDelete
  2. chetanJuly 5, 2011 at 9:12 AM

    San sir good morning,
    as per yr view above 20 DMA i am long in SBI.thank you very much.have a nice day.

    ReplyDelete
  3. UnknownJuly 5, 2011 at 9:44 AM

    Hi SAN and Jagan, What is the real time data source you are using for Ami?

    ReplyDelete
  4. SanJuly 5, 2011 at 10:38 AM

    @Jagan
    You try to follow VIX with the normal indicators in daily time frame. And when it reaches overbought or oversold situation Take a look at the markets for taking opposite position.

    ReplyDelete
  5. SanJuly 5, 2011 at 10:39 AM

    @Debdeep I am using Market-Data-Provider.

    ReplyDelete
  6. SanJuly 5, 2011 at 10:40 AM

    @chetan
    I hope you are booking profits as well. When in profit you should enjoy a part of it and keep the rest.

    ReplyDelete

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