Banknifty is consolidating from the past 4-5 months and now at very good resistance level (Black line).
If this breaks then can be good signs of accumulation stage.
When compared with nifty we have seen a decent move upside and Banknifty is bit lagging from the past year due to uncertainty.
I would suggest you to long and hold Banknifty for a few months. #Positional targets 40k++
The best way to do that is buy a ETF which has no expiry and investment can be as low as 350-360 Rs.
Search SETFNIFBK for Banknifty ETF. Understand how ETF works before investing.
If this breaks then can be good signs of accumulation stage.
When compared with nifty we have seen a decent move upside and Banknifty is bit lagging from the past year due to uncertainty.
I would suggest you to long and hold Banknifty for a few months. #Positional targets 40k++
The best way to do that is buy a ETF which has no expiry and investment can be as low as 350-360 Rs.
Search SETFNIFBK for Banknifty ETF. Understand how ETF works before investing.