How To Trade : Bank Nifty, Axis Bank, ICICI Bank, Indusind Bank, SBI, Canara Bank, Bank of Baroda

Technical Analysis (online)

 Next batch : Wednesday 11-3-2020 (8PM-9PM) 

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Nifty Bank : As per daily charts,nifty bank is in oversold zone and can bounce towards 28400-600 and if sustains above that a 1000 point rally (upto 29500) can't be ruled out. But, but below 27375 major support is 26500-25950. so trade safe. As per weekly charts Bank nifty has taken support at a major trendline, and till it is above 27000-26800, trade long. Add more above 28400 for 28900-29500.

Axis Bank : As per daily charts stock is in deep oversold zone and a dead cat bounce can't be ruled out however sustainability of this bounce will be checked at 670, only on sustaining above 670 we can think of retesting 697-725 and if fails target 640-25-600 on cards, so use 665-68 to short with sl 672. 
Weekly charts are still not positive, and till we are below 707 target 600-540 are open. Have a look at charts::

ICICI Bank : Last week we predicted targets of 487, stock Hit 477, Now stay long till its above 482 and add more above 490 for targets of 497-504. Add more above 512. below 477 targets will be 468-50

SBI :SBI : completed all our short targets ( Check twitter) Hit 252. Now candle formation looks positive, Add for 284 and above with sl below 264

CANARA BANK : On Friday, stock made doji on daily charts, which indicates a bounce, Buy with sl 125 for target 142-48, sell below 125 for 110-103-98
Bank Baroda : Trade long above 72 for 77-81 with sl 68
Indusind Bank: All our short targets completed, stock did 1350 to 912( our target was 960) Candle pattern formed is very positive, initiate longs and add more above 1065