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Short

Banknifty Money flow analytics :Selling pressure continues

NSE:BANKNIFTY   NIFTY BANK
Banknifty Money flow analytics :Selling pressure continues

5TH Sell Signal Given at - 26950

Signal generated at 26950
Market low - 26820 - MORE-THAN 120 POINTS PROFIT

Banknifty fell more than 120 points

Money Flow Analytics - Suggest that withdrawals are still in the upper hand.

No big interest seen in the buying of underlying stocks

1. Volumes are greater than previous day - Suggests interest from longer time-frame participants. So, Intraday traders should be ready to see some Range extensions.
2. Cash withdrawals are greater than Positive cash flow. BankNifty might undergo Selling pressure.
3. Free Float capitalized weightage - Negative is greater than positive,that means Indian banking system valuation is coming down.

BannkNifty 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.
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