-------- Forwarded Message --------
Subject: Bank Nifty (Dec): Expect Further Strength Only Abv 17585-17635
Zone For 18050-18950; Otherwise 17065-17625 May Be Again On The Card
Date: Mon, 30 Nov 2015 09:13:16 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*RBI will be on "hold" mode till Jan/Mar'16; *
*But expect some PSB moves on FDI*
Trading Levels: BNF-DEC
BNF-Dec LTP 17425
SL=+/- 25 POINTS FROM SLR
T1 T2 T3 T4 T5 SLR
Strong > 17585 17635-752 17850 18050-135* 18210-300 18485-950
<17535
Weak < 17535 17485-368 17317-250 17161-065* 16950-830 16750-625
>17585
There is no hope for any action on the part of RBI this time as the
"job" was already done for the year in the previous occasion on Sep meet.
Some may expect/think about any CRR/SLR/MSF tweaking for the liquidity
factor among various PSBS; although very remote possibility.
RBI may throw some definitive clues about 49% FDI market buzz for PSBS
in order to improve their capital structure and running them as
professional corporate/entity. Thus some buying may be happening in PSBS
ahead of the RBI policy tomorrow.
All eyes will be on to the Q2 GDP, which will be published in the
evening today and RBI stance on inflation (hawkish/dovish). Depending
upon the actual implementation of 7-th Pay Comm (possible wage inflation
in the system) and Fed decision on Dec-16, RBI may be quite cautious
this time.
RBI may only start to act in Jan/March'16 for an overall expected cut of
another 0.50-0.75% in FY-17, depending upon the inflation curve and need
for extra stimulus for overall economy as real rate of interest in India
is still quite high wrt to WPI (which matters the industry) and
corporates are still struggling with their earnings.
*Analytical Charts:*
<http://1.bp.blogspot.com/-DL6SBHCTzTU/VlvCt_DWCJI/AAAAAAAAFDY/yaeUVbH7EnY/s1600/BNF-27-11-2015.png>
<http://4.bp.blogspot.com/-tVE5oG0wu_g/VlvCvnsFmRI/AAAAAAAAFDg/ajjud5M-uSI/s1600/BNF-FIBB-27-11-2015.png>
<http://2.bp.blogspot.com/-KACe7SY37Fo/VlvCyCZSHAI/AAAAAAAAFDo/7Tfr3Il-g84/s1600/BNF-WK-27-11-2015.png>
<http://1.bp.blogspot.com/-DPeGtp9GP-k/VlvC0f6en1I/AAAAAAAAFDw/TtRvMppOjSw/s1600/BNF-PATTERN-27-11-2015.png>
<http://2.bp.blogspot.com/-LhnTSigNWzo/VlvC26BFBoI/AAAAAAAAFD4/h8nV3j9jchM/s1600/BNF-TL-27-11-2015.png>
<http://3.bp.blogspot.com/-UCYzlZk6lqU/VlvC5NjtlJI/AAAAAAAAFEA/Ic2Vw5_EihI/s1600/BNF-PATTERN-ST-27-11-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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