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Bank Nifty: Ichimoku Analysis

Long
NSE:BANKNIFTY   NIFTY BANK
Bank Nifty is lagging Nifty in terms of ichimoku structure on daily scale. Here in Bank Nifty we can see that the prices are not within the cloud; making it more room to scale it up with that of Nifty . Once Nifty hits 8400 mark (that is upper boundary of the cloud); we could see correction or sideways action and I feel it is during this phase Bank Nifty will match up Nifty or as usual could also outperform Nifty . i.e. Bank Nifty could potentially close above the cloud well before Nifty does.


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