Even though Nifty
was not today. Banknifty
broke low made in first half only during last 15 minutes. Consequently, it finished as a doji
candle unlike Nifty
. So Bank nifty
is does not look as ready to fall as Nifty
does. But in the process of today's fall, it created a good Selling area which can be taken advantage of. As written in my post on Nifty
, buyers and sellers are almost equally poised. Option chain data in BNF is not as conclusive as in nifty
. On the basis of charts, one can trade as shown on 15 min time-frame, provided BNF does not break today's low.
All the best. Happy trading.