Bank Nifty Future
Updated
What do you think just happened????? Well its simple. We are still in wave ""B"" in a corrective Rally. Why do you think we had such a massive Bounce on BNF ???? The point is simple, on Tuesday, the Closing NEVER went above 39779 which was the previous high, so today it came back with a vengence to cross above that high to mark wave B. Now this will also mean that any support on BNF at 39794, will take it 1.126 to 1.236% higher than this towards 39980 zone. This is where SHORTS should be made with a 40 points stoploss...I do not recommend any of you try it.
Note
Why is Nifty down and Bank Nifty up????? Because NIfty made wave B on Tuesday itself by crossing the previous high. Now if This Holds TRUE.... it is only a question of Time before BN n N come into SYNC and Roll Down...Note
do NOT follow my Theory..... please do your OWN Due Diligence and Trade... I will not update any more Intraday. This market is Looking dangerous to the upside as well as the downside
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