Technical Outlook:Nifty (Spot):• Although the market is weak, it is also quite oversold, so a rebound is possible.• SGX Nifty is suggesting a gap up opening where the 200-DMA of 17430 will be a critical support level.• 17345 is an immediate ...
Dear Smart Investors, Greetings !! We are a SEBI regd Investment Advisory Services and we do provide Free updates on Website to spread Financial Education. New articles have been published on Indian-Share-Tips.Com. Do check our Best Bank Nifty Option Tip for Intraday which gets you Daily Profit with a small capital of Rs 10,000. You can visit at https://www.indian-share-tips.com/2009/09/best-nifty-future-tips-100-guaranteed.html Speak to Analyst at 09988877963 or send an email at Support@Indian-Share-Tips.Com and You will Listen from us in less than 3 hours. Please Click on Below links given out of this black border box to access latest updates. Regards Indian-Share-Tips.Com 9988877963 | | Technical Outlook:Nifty (Spot):• Although the market is weak, it is also quite oversold, so a rebound is possible.• SGX Nifty is suggesting a gap up opening where the 200-DMA of 17430 will be a critical support level.• 17345 is an immediate support, while 17500 is an immediate hurdle.• Above 17500, we can expect a short-covering move towards 17625/17750 levels.Bank nifty (Spot):• Banknifty is Everest Industries Limited is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. It also gave positive signal from the rectangle formation at the break up through the resistance at 771. Further rise to 861 or more is signaled. The stock has broken a resistance level in the Silicon Valley Bank collapse: Here's why it's not 2008 againThe financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking, a bank run, which led to its failure on Friday.Its downfall is the largest failure of a financial institution since Washington Mutual collapsed There's a lot of misunderstanding about SVB (Silicon Valley Bank) going around.Please understand that it is NOT a banking fraud, not a 2008 kind of scenario and its spread as a contagion impacting large US Banks is very unlikely.It was just mismanagement by the bank wherein it made the good ol' mistake which every financial person worth his salt warns of - using low maturity deposits to buy long US Bond yields … The 2-year is down 44 bps over the last two days (since Wed's close).Only four other days in the last 40 years have seen larger two-day moves.Oct 20, 1987 = the day after the largest stock market crash in history (-22%, Oct 19, 1987)Sept 14, 2001 = two days after the 9/11 terror attackSept 15, 2008 = the day Lehman failedSept 29, 2008 = two days after the failed TARP vote.These Fall in share prices of SVB Fin Gp, a lender to tech start ups, triggered the fall with BofA being the leading loser along with JP Morgan, Wells Fargo & Citigroup with a combined loss exceeding $50B.After failed attempts of manufactured news to bring down our markets trading close to highs as compared to their fallen ones, leading financial institutions of the colonisers tasting their own American Budhhas who wanted to restore democracy in India are observing pin drop silence of SVB Bank Collapse.Silicon Valley Bank (SVB) was shut down by US regulators yesterday & this is biggest retail bank failure since 2008 global crash. It was 16th largest bank in USA.Almost $175 billion of customer deposits are now held by Federal Deposit Insurance Corporation (FDIC). $2,50,000 is insured per | |