CONTINUOUS 5 SELL SIGNALS
Banknifty fell more than 300 points
Analytics - Suggest that withdrawals are still in the upper hand.
FIRST SELL SIGNAL GAVE AT - 27380
No big interest seen in the buying of underlying stocks
1. Volumes are greater than previous day - Suggests interest from longer time-frame participants. So, Intraday traders should be ready to see some Range extensions.
2. Cash withdrawals are greater than Positive cash flow. BankNifty might undergo Selling pressure.
3. Free Float capitalized weightage - Negative is greater than positive,that means Indian banking system valuation is coming down.
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