Nifty Bank IndexUpdated BankNIfty : Divergence vs Nifty
BN has corrected way much more than Nifty. And looking at monthly charts RSI is showing a reversal. Is this the multi year top may be but Nifty is looking far better than BN.
Nifty -- Breach of 10900 levels would mean ( Multi Year Top )
Let's see how BN moves ahead in next 2 months -- 26000 - level to watch
Nifty -- Breach of 10900 levels would mean ( Multi Year Top )
Let's see how BN moves ahead in next 2 months -- 26000 - level to watch
Note
Both BN and Nifty has breached major support and Life highs have been made -- the markets will now be in correction mode !! 2008 Bears are Back !!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.