Technical Analysis:Bank Nifty,ITC and Welspun Corp

Feelings naturally appear during trading. The feelings we don’t like seem to have roots deep in our unresolved issues. Somehow they get stuck and do not finish passing through, and can cloud the judgment and interfere with trading. The feelings we do like seem to pass through quickly without much trace.
I suggest getting to know your feelings, by experiencing them, expressing them, letting them pass through and finding out they are pretty much all good ones.
Jet engines work best when they are open at both ends.

Bank Nifty

Today is Crucial RBI meet Will it be Non-Event, Rate cut expectation are quiet less looking at high inflation figure we got yesterday.

• No Surprise will lead to continuation of trend ie. Upside
• Repo Rate Cut of 25 BPS bullish upside  move towards new high of 11226
• Hawkish Statement that further rate cuts will not happen in April a down move can occur.

On Daily chart it broke the upper trendline (shown in red)with a gap up came down to take support at trendline and bounced again.

Buy above 10936 Tgt....

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