Let Me See Your Hands, Sir !!

The fall that we had been writing about all last month has finally started and the Nifty has now started its descent.We had been updating the blog regularly so readers could see for themselves the signals that were generated at levels where we should have cleaned up before the markets cleaned us.

We are attaching an update on BankNifty as we perceive this Index as building and losing ground and momentum very quickly and rapidly. Among the top 10 heavy-weights of the index SBIN, ICICI, HDFCBank & HDFC hold very significant amount of shares as a percentage to weaken the index.
As for the the other banks;


HDFC & HDFC Bank- RSI, Stchastics, CCI indicators and candlesticks at this point do confirm the stock has changed trends. The security is losing steam pretty fast and quick.

ICICI Bank - The stock has already lost about 6% value in the last 7 trading sessions. Today, the MACD has also generated a SELL signal for ICICI BANK. The stock has a thumbs down and can be shorted at these levels for a decent profit in the next few sessions.

SBIN - The CCI Indicators and the Stochastics generated a sell in SBIN  - The RSI has decreased rapidly from 65- 58 in the last 3 sessions which means the security is continously losing volume and is being played by naked shorters for marginal gains.


               WE ARE VERY BEARISH ON THESE 4 STOCKS AND BANKNIFTY - 
                    A 20% fall in Banknifty could take the index down very easily by 10%