BANKNIFTY - AXIS OF EVIL?

May 9, 2022

Nifty bank turning out to be much more bearish with all the negative threads around the index and its constitutes. Panic, Anxiety, Concern will mount and that can bring move to the recent abandoned baby pattern low of 32000. The big picture is more bearish we this move unfolds points towards the 28000. What then is the approach. Buyers take side-lines, usual supports that come remains absent resulting in panic. Stay firmly short below 35500 though that is far. For the new shorts 34800-35200 range stop for move towards 33400. CNX Financials unfolding huge HnS.