ICICI & KOTAK Bank are almost up by 2% in the first hour which caused the spike in BankNifty
but still it failed to break 30512 at the moment which is a strong resistance breaching it will trigger long again. At the moment (10.59 AM) all the four heavy weights of banknifty
, icici, kotak and axis comprising 70% weightage of the index are experiencing profit booking with good volumes.
Bias - is still bearish
for the day !