BankNifty follows the same time cycles of that of Nifty. BankNifty for past couple of days had been underperforming Nifty and is a perfect shorting candidate.
However do not be in a hurry, short it on Tuesday, 10th Jan, once I confirm Nifty has completed its current running Timewave.
However do not be in a hurry, short it on Tuesday, 10th Jan, once I confirm Nifty has completed its current running Timewave.
Comment:
As Nifty and banknifty follows the same timecycle and as I had updated today at 15:00 in my Nifty's idea that its now up till 12th jan, same applies to BankNifty as well. Short it now on 12th only after I confirm on Nifty's analysis. Please follow my Nifty analysis and apply the same to BankNifty henceforth. Thanks!