Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Bank Nifty March Future Observation

39 sec read

banknifty

Bank nifty future hurdle – 20175
Resistance 20400 – 20750
Supports 19700 – 19300

Bank nifty future opened the day at 19701.55 and made the intraday low at 19512 before making the close after a strong bounce from lows in later half of the trading session at 19907.80. Markets closed on a positive note for the day but negative for the week.

 
Now ahead week starting from 09-March-2015 bank nifty future will face hurdle at 20175 this is the crucial level for bulls to capitalize. Once this level is sustained we can expect short covering as well as fresh buying for upside 21000 and higher levels.

On downside the support area is at 19700 if market remains below this level than next round of selling shall begin and bank nifty can correct to 19300 which is also the 50 day moving average for the index. If bank nifty closes below this level then short-term and medium-term trend will be down.

 

Note: We at www.wealthcreator.co trade nifty future & bank nifty positional, short-term on our given recommendations. leading upfront with our own funds. Interested traders can contact Email : mohitjhanji@gmail.com

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

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6 Replies to “Bank Nifty March Future Observation”

  1. I have taken a research services from HBJ Capital from Dec 2014. they have huge sum of money for subscription from me. initially they provided good calls. jan 2015 there call quality reduced, feb 2015 slowly stopped provided recommendation. now completely stopped. if I call to there contacts fresh marketing persons picking up the call and asking me to again for new plan with new research team.

    How can we believe in research firms? and there is no chance complaint against them.

    1. hey, take your own decision of our risk. It will always give the proper direction of selection the trade.

      Start studying about INDIAN market and trading style and take risk.

      All the best

      1. My question is not about trading. sorry if my comment was unclear. I relied my concern clearly in the below reply to Mr. Mohit Jhanji

  2. Can’t comment on their work since do not know what they did and how you did – but mostly its about risk not managed properly which leads to bigger loss most traders see the targets side and never stop loss side and one two or three straight stop loss and they are out of the game or paranoid to take the next one.

    Between
    banknifty 19025 trend still down (19700 below it was weak)

    1. I did not talk about the losses incurred because of HBJ capital research recommendations. I am just asking about who governs it. research firm is offering a plan and we are subscribing to the plan. if research firm does not provide the service as per the promise in the plan. what we have to do? No one taking responsibility in sorting the issue in HBJ capital? Next step how to escalate the issue. I am not complaining recommendation call quality only. I am talking about the promise of services like dedicated research analysts, followups by them or reaching them when need some clarifications etc. when this basic.

      1. Technically they should provide the research as per the plan chosen if they are not they shall refund the amount deducting the days of membership since they are not providing the research service as per the plan you have subscribed.

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