Bank Index

Nifty trend is southwards, and banks are leading the fall

The IT index is the only bright spot in the market scenario, with banks and FMCG too showing signs of weakness<br /><br />

Nifty, Bank Index sending contrary signals - so watch out

The Nifty still has to contend with stiffer resistance at 6,135. The key levels to watch are 5,900 on the lower side and 6,135 on the higher side.

Nifty has run up too quickly; so don't chase momentum

It makes little sense to chase price and buy at prevailing levels. Any correction may be used to build long positions in sound large-cap stocks in software and banking.

Southward Ho? Nifty, SBI and Titan in bear territory

The Nifty is below the swing low of 5,930. This has resulted in lower highs and lower lows, which strengthens the case for a slide to 5,650-5,700

Nifty, Bank Index are now staring down, so are PNB, Hindalco

A crack in the Bank Index in the recent trading week was instrumental in bringing down the Nifty. Watch out for a further correction.

Weak GDP, Subbarao deflate rally; Sensex crashes 400 points

At 2.49 pm, the BSE Sensex was at 9811.84, down 2 percent, Nifty closed at 5997.15, down 2.07 percent.

Correction or rally? The jury is out on Nifty, Bank Index

We have to wait for the Nifty to show us the right direction. While that happens, stocks such as United Spirits, MRF, TCS and Bata come across as candidates for the long-term portfolio.

Continuing FII interest keeps market steady, banks gain

Experts are also skeptical of the rally sustaining since the economy is still not out of the woods, given India's widening current account deficit.

Nifty may see a counter-trend rally in bearish times

While there is a possibility of an upward move from a short-term perspective, the Nifty has to move past 5,970 to indicate a reversal of the medium-term downtrend.

Banks may spoil Nifty party; JP Associates a low-risk buy

The bullishness in the Nifty is neither reflected nor supported by the Bank Index.