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