is weaker of the two indices was once again proved today when Nifty
retraced its entire fall in second half but BNF just could go only half-way. Indusind Bank extended its yesterday’s fall by more than 5% and SBI
too was among top 5 losers in Nifty
stocks. So BNF did pay its price. So clearly, look at shorting BNF but going long for Nifty
. Please check my video posted on youtube under channel name Market Movers India for slightly more analytical content. Tomorrow, we are most likely to open gap up due to trade agreement signing between US and China. As of now DJIA is already 140 points up. I have given my buy levels on Nifty
in my post on Nifty
and the sell levels for Banknifty
are marked on attached 15 min chart.
All the best. Happy trading.