Banknifty To Underpeform From Here On.

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Banknifty has been going up along with resistance line which is there since 2010 & every time it touched that line it corrected at least 6000-7000 points, will it happen this time as well i don't know but one thing for sure don't expect BN to outperform from here & expect it to cross 24000 mark. In fact nearer highs to 24k book profits in bank stocks & short the BN . At these levels short trade makes more sense given the way it performed after touching line of resistance. I personally looking to short if there is rally.
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