Wednesday, July 31

CAPITALPARAMOUNT-BANK NIFTY OUTLOOK

BANK NIFTY DOWN: -121.45 POINTS
PERCENTAGE: -1.18%
CLOSES AT: 10209.55
BANK NIFTY IS FOLLOWING BEARISH TREND FROM LAST 5 DAYSAND TUSDAY ‘S CREDIT POLICY UNCHANGED DISPOINTED BANKS HOPES TO CUT IN CRR RATE. NOW BANK NIFTY MAY CONTINUOUS DECLINE.
STRATEGY FOR BANK NIFTY IS TO SELL BELOW 10206 AND TO BOOK PROFIT AROUND 10040 WITH SL OF 10276.
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