TradingView
KMayur
Jul 5, 2017 12:33 PM

Divergence - NIFTY & BANKNIFTY 

Nifty 50 IndexNSE

Description

If BankNifty doesn't catch up then its high probability that Nifty should fail to make a new high on closing basis

Comment

Nifty is making new highs but BankNifty still not making new high ... what is this tell us, is Nifty growing weaker day by day?

Comment

Nifty PC ratio is at 1.394 and today lot of 9700 puts were written, further there is no real capping of Calls on the upside, so in the light of this info tomorrow BankNifty should go up rapidly.
More