balaji_damo

Banknifty - Bigpicture

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty             has become a wild beast off late and the news based up move and down move is not really healthy.

Earning has to match the investments. Bank nifty             had a dream bull run with not much correction this year.

Looking at Monthly chart bank nifty             is at critical point.

Going by the history whenever RSI was around 75 BN             had a healthy correction to the tune of 6000 points.

Currently BN             is at similar situation. It is time to be cautious or place safe bets on BN             .
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