BankNifty- The Lull before the storm
The index is mimicking Nifty and after a push higher towards 22900-23050 is expected to start the larger degree downtrend. 20926 is critical, it should not get broken in next six trading sessions. If it gets broken then all bullish bets for a test of 22900-23050 are off and the index is heading lower. Keep your Gun powder dry as a big trade is round the corner.
If need be we will alert our readers during the trading hours but as of now just Wait. The index is waiting and so we have to.
If need be we will alert our readers during the trading hours but as of now just Wait. The index is waiting and so we have to.
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