Today, Banknifty openned gap down by 46 points but quickly joined hands with Nifty and together they demolished all resistances in their path and rallied by handsome margins. BNF increased by 444 points over yesterday’s close and in process rising above 31500, a psychological mark and creating a very strong bullish candle. Please check my video posted on youtube under name Market Movers India for slightly more but similar content There is no question of Short Selling BNF tomorrow but a convincing buying area is seen on 15 min chart which I have marked. There is a possibility that both Nifty and BNF may correct a bit since today’s rally was huge, so take trade using stop loss.
All the best. Happy trading.
All the best. Happy trading.