Bank Nifty Update For 16th April 2015

Bank Nifty Update 9.30 PM 15th April 2015

Bank Nifty Minor Trend Is neutral, Major Trend is down.
Axis, Icici Bank & Yes bank looks very weak and are sell on rise. In our Portfolio Advisory Service I have been advising to Exit this sector for the time being and switch to sugar Buy Renuka, Bajaj Hind, Eid Parry. We maintain our recommendation to Exit this sector .

I have mentioned on 13th April 2015 post that there is a very important time cycle cluster resistance for Bank Nifty on 15thApril 2015 and Bank Nifty has made a top today and started falling.
Stay away from this sector for now. I will provide details later.

Check Nifty Future update also.

Good Trading To You!