KMayur

Nifty vs Bank Nifty divergence

NSE:NIFTY   Nifty 50 Index
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Nifty             making higher highs and higher lows – which keeps the uptrend intact. BankNifty             not making higher highs, in fact it is making lower lows – which is bearish . Considering Bank’s weight-age in Nifty             is 25-30% - question is how long Nifty             will keep making new highs or will the BankNifty             miraculously catch up with Nifty?
Comment: After yesterday's announcement ... BankNifty should shrug off the bearish setup and join the Nifty and along with it BankNifty should make new highs
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