Banknifty is bullish even after recently overbought
Banknifty has given a deeper pullback in RSI. Yesterday nifty performed but banknifty did not. If Nifty performs a little better today bank nifty will rally. The OI data on banknifty is not very strong, PCR is negative in bank nifty. Daily candle lower wic can be support for todays upmove in banknifty.
To know the price actions story watch the yesterdays analysis. link attached below.
To know the price actions story watch the yesterdays analysis. link attached below.
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