Posts tagged Bank Nifty
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| Nifty Rollover analysis: One should remain cautious. All time high open interest in the stock futures segment indicates higher leveraged positions: HDFC Sec | |
| Company: | Nifty |
| Brokerage: | HDFC Sec |
| Date of report: | September 1, 2023 |
| Type of Report: | Techno-Funda |
| Recommendation: | Hold |
| Upside Potential: | 100% |
| Summary: | Be cautious. Stock Futures are at ATH indicating higher leveraged positions. Nifty is in a short term downtrend and making lower tops and lower bottoms. It is below 20 day and 50 day SMA. 14 week RSI oscillator too is in decline mode, suggesting scope for more downsides in the near term |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | NIFTY |