In the First of hour of BankNifty trading, the underlying stocks in the cash market seen a huge selling pressure by the Big Investors.
Signal Open - 26634
Low - 26407
A total of 220 Point profit
Analytics - Suggest that withdrawals are still in the upper hand.
Cash withdrawals are greater than Positive cash flow. BankNifty might undergo Selling pressure.
Free Float capitalized weightage - Negative is greater than positive,that means Indian banking system valuation is coming down.
BankNifty is world's highest traded Derivative contract - Its traded by High Frequency trading system,
So any Intraday trader to trade it, specialized trading methodologies are required to be successful.
Any doubts please reach out to me.