RBI on it Circular stated that from now onwards Banks cannot levy penality charges on non-maintenance of minimum balances in inoperative Accounts.
It’s been really tough time for banks not able to show specific trend since 3 months from August 2011. ICICI Bank has been trading in the range of Rs.70 (820-890). This could be an acid test for all major banks like SBI, AXIS, ICICI whether they can sustain October’s low or not. All these banks just 5% away from the recent low in October 2011.
Nifty Spot :4103 Inference from the Swing Charts of – 4 day(15 min) Intraday Nifty charts Which shows that the primary trend of the nifty is getting weaker day by day. And the falling RSI and the stocastics signals further downtrend is possible if nifty is not able to move above the recent swing high 4130 […]