Page 3 - Bank Nifty
11,450 key level for Nifty; investors may cut losses if market rises
Mid-caps and small-caps have lost more ground than the large-caps in the F&O sector
 "11,450 key level for Nifty; investors may cut losses if market rises")
Volumes spurt in Bank Nifty on news flow; average daily turnover rises 27%
The Bank Nifty fell a little more than 10 per cent during the two months
 "Volumes spurt in Bank Nifty on news flow; average daily turnover rises 27%")
Bank Nifty at all-time high
The Bank Nifty index on Wednesday hit a new record thanks to a sharp rally in index heavyweights, such as State Bank of India (SBI) and ICICI Bank, in the last few sessions. The index closed at 21,391, up 165 points or 0.8 per cent on Wednesday. The central government's assurance to find a solution to the non-performing assets (NPA) has trigged investor optimism in the sector. Key components like HDFC Bank, Kotak Mahindra, Indusind Bank and Yes Bank are trading near their lifetime highs.Last week, Union Finance Minster Arun Jaitley said the center was working in tandem with Reserve Bank of India (RBI) to propose a new framework to tackle NPAs. In the speech he said, the problem of big NPAs was due to the top 40-50 players and the new framework would put enough pressure on the borrowers to settle dues."Resolution of NPAs would be a great booster for Indian banks especially the public sector banks as they will be able to unlock the value of these bad loans from their books. This could ..
 "Bank Nifty at all-time high")
Today's picks: 9 March 2016
NIFTYCurrent: 7,485 (futures: 7,453)Target: NAStop-long positions at 7,380. Stop-short positions at 7,520. Big moves could go till 7,320, 7,585. A long 7,300p (71), short 7,200p (50) could gain 15-20 if the futures drops to 7,350.BANK NIFTYCurrent: 15,146 (fut: 15,151) Target: NAStop-long positions at 15,025. Stop-short positions at 15,275. Big moves could go till 15,450, 14,800. Profit-bookingmay continue.ZEE ENTERTAINMENTCurrent price: Rs 391Target price: Rs 384Keep a stop at Rs 395 and go short. Add to the position between Rs 385 and Rs 386. book profits at Rs 384.INFOSYSCurrent price: Rs 1,163Target price: Rs 1,140Keep a stop at Rs 1,175 and go short. Add to the position between Rs 1,148 and Rs 1,153. Book profits at Rs 1,140.BHARTI AIRTELCurrent price: Rs 332Target price: Rs 327Keep a stop at Rs 335 and go short. Add to the position between Rs 328 and Rs 329. Book profits at Rs 327. Target prices, projected movements in terms of next session, unless otherwise stated
