BANKNIFTY for 27th January

Please read this post alpong with that on Nifty to get complete perspective on markets. Banknifty (BNF) was slightly weaker than Nifty on Friday even though it did increase by 237 points. ICICI bank results, announced during weekend might uplift it a bit tomorrow since ICICI bank has good weightage in Banknifty . However, Asian markets on the back of Corona virus outbreak in China could dampen Nifty and BNF tomorrow. Please check my video posted on youtube under channel name Market Movers India for slightly more analytical content. For Banknifty there are no clear cut Buying or selling areas but one can sell BNF at around 31500 as shown on 15 min chart and buy at around 31000 levels for intraday gains.
All the best. Happy trading.


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