BANKNIFTY Analysis Semi-Long Timeframe:)
While Nifty has it's own issues, Banknifty seems to be having different trouble.
* Normally Banknifty assists Nifty in it's rally,
* This time banknifty is being not so supportive and bringing big guns of volatility to assist nifty.
* But seems like it has found slight bit of support at 42100 levels, still I feel it could have jumped more to get nifty to another high.
* Well only time will tell. A nice amount of undecided move in the ellipse region marked in the chart.
* I am on wait and watch mode for Banknifty for now.
I will sit on my hands and wait for a break out move to enter and not take risk in this for now.
Let's see how this one goes!.
* Normally Banknifty assists Nifty in it's rally,
* This time banknifty is being not so supportive and bringing big guns of volatility to assist nifty.
* But seems like it has found slight bit of support at 42100 levels, still I feel it could have jumped more to get nifty to another high.
* Well only time will tell. A nice amount of undecided move in the ellipse region marked in the chart.
* I am on wait and watch mode for Banknifty for now.
I will sit on my hands and wait for a break out move to enter and not take risk in this for now.
Let's see how this one goes!.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.