Amit_Ghosh

[Theta] BankNIFTY and Oil Correlation

Education
NSE:BANKNIFTY   Nifty Bank Index
The current stock market is driven on fear where commodity and stock are moving inversely like it usually does. The best way to judge fear is Oil price.

Look how they are such correlated. So if you have positions in banknifty (or nifty) and tensed on gap issues. You can always and always playout with commodity in after market hours on the basis of this relation.

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