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PostMortem on BankNifty Today & Analysis of 20 JAN 2023Pretty unconvincing price action by NSE:BANKNIFTY today morning esp after US markets SP:SPX fell 0.76%, TVC:DJI 0.76% and NDQ -1% overnight. This is in addition to the fall on 18th. SPX has now fallen consecutively for 3 days from the resistance level of 3991 & now 3945. We hit the resistance of 42573 in the 2nd candle itself and a consistent rally from up there, a total upmove of 0.97% ~ 409pts by 10.40. Infact the 15mts TF were showing all green candles when i felt the options data was not agreeing to the move. The premiums of the CEs were not surging suggesting a further upmove. Nor the ATM & near ATM PE options were surging with volume indicating the lack of option writing. Having an opinion or a view is something & getting it correct pure luck these days - esp with the market conditions now. So from this HOD we started falling and by 14.35 we were convincingly below the SR level - which proved the upmove was fake. There are 2 miracles today The open & close of BN is almost same (42516 & 42514) BN ended the day with gains of 0.42% against all macros & fundamentals. The centre budget is now 10 to 11 days away & we anticipate more price action & volatility once insiders get understandings about taxation, policy changes & other macros. Luckily we can react to what insiders are trading based on the open interest data of options - which will give enough clue. Its the best data the retail trader has got. --- Bank nifty components also behaved quite differently today. HDFCBk and HDFC were lending huge support to the NSE:NIFTY index as well - again the traders were expecting a positional fall in reliance due to results. And due to this compensation the Nifty index did not take a huge beating. NSE:HDFCBANK was rock solid today gaining 1.33% ~ 21pts by 09.25 with good volumes. This gain was maintained throughout the day with no pull back or retracement. HDFCBk is now up 5.79% from the lows set on the results announcement day. NSE:ICICIBANK is still in the range, but the opening candle did have real good volumes mainly for the results that are due tomorrow. From HOD to LOD there was a fall of 1.2% but it never went into negative territory. NSE:SBIN also never went negative today, but a single candle at 14.25 seemed pretty scary. Even though the prior price action shows negativity - today's action shows ability to hold support. NSE:AXISBANK did not oscillate that much today, for a brief period of time it went below water but final close was flattish. NSE:KOTAKBANK did show weakness before the results due tomorrow. Surprisingly the volumes came not in opening minutes but between 10.35 to 10.55. If we consider the previous day's pattern also - its showing bearishness. NSE:INDUSINDBK had a good swing up & down today ~ 2.36% but not as much as we saw yesterday. Also the volumes were half of that of yesterday. --- Confusing chart patterns as of now for 15mts & 1hr TF. 15mts showed a possible breakout from range today forenoon, but its failure has now negated a bullish case. 1hr is not showing any direction at present - for me it looks scary because if it spends time in a range for so much time the breakout or breakdown momentum is going to be so huge. Now the good thing about this is the options premium will be over priced when this happens & its a good time to go fishing premiums !!! To view the 4 charts & 2 tweets today, contact @viswaram
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 20 Jan 2023BANKNIFTY Intraday Trade Setup For 20 Jan 2023 Buy-Above 42385 Sl-42275 T- 42555 42730 Sell-Below 42230 Sl-42340 T-42040 41860 BANKNIFTY has closed on a bearish sentiment with 0.3% cut today. Today it opened with slight cut due to US market sell off last night. Since opening it was almost firm. Whole day it traded on a sideways note. Sell triggered as per trade setup @ 42355 and gave more than 110 points gain which was 1:1. Throughout whole day sideways momentum was noticed. In fact this sentiment is valid since last day second half. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42385 then we will long of the target of 42550 and 42730. For selling we need a 15 Min candle close below 42230. T- 42040. post bounce if we sustain below 42000 then it will test 42860 and below. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
4
FASP levels for Bank Nifty 20/01/2023The FASP for BankNifty is listed for 20-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 19 Jan 2023BANKNIFTY Intraday Trade Setup For 19 Jan 2023 Buy-Above 42560 Sl-42450 T-42730 42911 Sell-Below 42355 Sl-42465 T-42110 41860 BANKNIFTY has closed on a bullish sentiment with 0.53% gain today. Today it opened almost flat and as per last day's trade setup buy triggered above 42310 and hit 1st target very smoothly. This trade gave more than 240 points gain (42310-42555) which was 1:2. Later it turned total sideways and traded within 200 points range. Tomorrow's trade setup is based on this range breakout. 42730 is hourly resistance, breakout will impact range shift in the coming days. 41700 is the hourly low, breakdown can lead to sharp fall in the coming days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42560 then we will long for the target of 42730 and 42911. For selling we need a 15 Min candle close below 42355. T- 42110. Post bounce if index breaks 42100 then it will test 41860 and below. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 19/01/2023The FASP for BankNifty is listed for 19-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 18 Jan 2023BANKNIFTY Intraday Trade Setup For 18 Jan 2023 Buy-Above 42310 Sl-42200 T-42510 42710+ Sell-Below 42055 Sl-42165 T-41860 41675 BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained then we may see sharp fall in the coming days. Today it opened almost flat and then sell triggered below 42065 and hit our 1st target. Sharp recovery was seen from 1st target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42310 then we will long for the target of 42510 and 42710+ For selling we need a 15 Min candle close below 42055. T- 41860 and 41675. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 18/01/2023 The FASP for BankNifty is listed for 18-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 17 Jan 2023BANKNIFTY Intraday Trade Setup For 17 Jan 2023 Buy-Above 42460 Sl-42350 T-42700 42950 Sell-Below 42060 Sl-42170 T-41885 41710 BANKNIFTY has closed on a bearish sentiment with 0.48% cut today. It opened with a gap up directly at PRZ plotted 42700. A dot reversal was seen from there. It opened with a decent gap up and we already planned that we will trade on 10 o'clock range breakout. It broke below 42445 and 300 points profit with just 100 points sl. Market is likely to show these big length volatile moves ahead of budget. Index has made a range of 980 (42720-41720) points in hourly TF. In between it will be seesaw market. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42460 then we will long for the target of 42700 and 42950. For selling we need a 15 Min candle close below 42060. T- 41885 and 41710. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 17/01/2023 The FASP for BankNifty is listed for 17-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 16 Jan 2023BANKNIFTY Intraday Trade Setup For 16 Jan 2023 Buy-Above 42455 Sl-42345 T- 42590 42730 42900+ Sell-Below 42260 Sl-42370 T-42050 41885 BANKNIFTY has closed on a positive note with 0.69% gain on Friday. After forming a base at 42700. Now 42700 is very important, breakdown will initiate a larger slide in the coming days. Last day it has closed near day high which is bullish sentiment. Above 42550 this bullish momentum will continue. Also if no previous swing low is broken in hourly TF then slowly and steadily it will inch higher. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42555 then we will long for the target of 42590 and 42730. For selling we need a 15 Min candle close below 42260. T- 42050 and 41885. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 16/01/2023 The FASP for BankNifty is listed for 16-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 13 Jan 2023BANKNIFTY Intraday Trade Setup For 13 Jan 2023 Buy-Above 42135 Sl-42025 T- 42340 42565 42800 Sell-Below 41950 Sl-42060 T-41740 41348 41000 BANKNIFTY has closed on a slight bearish note with 0.36% cut today. It was another volatile day with volatile swings. As per trade setup, sell triggered below 42000 and hit 1st target. This trade gave more than 250 points. Sharp moves were common in today's session. In daily TF two consecutive hammer candles have been formed. Above its high - 42350 it will give good upside momentum. Since its a buyer's candle so below its low- 41700 aggressive selling can be seen. Initial move of 600 points can be achieved either side. In between we can see usual unpredictable sharp moves. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42135 then we will long. T- 42340, 42565 an 42800. For selling we need a 15 Min candle close below 41729. T- 41545 41350 and 41000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 12 Jan 2023BANKNIFTY Intraday Trade Setup For 12 Jan 2023 Buy-Above 42320 Sl-42210 T- 42550 42800 Sell-Below 42000 Sl-42110 T-41730 41355 BANKNIFTY has closed on a slight bullish sentiment with more than half percent gain. It has closed near day high which is a bullish sign. This bullishness will continue above today's high. Decent contraction has happened in today's session. Contraction burst likely to happen the and below ascending triangle which can be seen in 15 Min TF. Whichever side market gives breakout be strict with trailing as market is just to volatile to handle; especially in the 1st hour. Daily candle looks a buyer's candle so below today's low aggressive selling can be seen. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42320 then we will long for the target of 42550 and 42800. For selling we need a 15 min candle close below 42000. T- 41730 and 41355. Extended target- 41000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 Jan 2023BANKNIFTY Intraday Trade Setup For 11 Jan 2023 Buy-Above 42175 Sl-42065 T- 42445 42700+ Sell-Below 41835 Sl-41945 T-41570 41250 BANKNIKFTY has closed on a bearish sentiment with 1.33% cut. Today it opened flat and sell triggered as per trade setup. It was on a selling mode since the 1st 1 Min candle. Sell triggered @ 42335 and hit both the targets; dot level targets. Trade gave more than 450 points gain. Bearish sentiment is likely to continue below today's low. Important level for upside is 42720 in hourly TF. Coming to Wednesday's trade setup, if index opens flat and 15 Min candle close above 42175 then we will long for the target of 42445 and 42700+. For selling we need a 15 Min candle close below 41835. T- 41570 and 41250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 11/01/2023The FASP for BankNifty is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 10 Jan 2023BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Buy-Above 42720 Sl-42610 T- 42950 43200+ Sell-Below 42335 Sl-42445 T-42100 41860 BANKNIFTY has closed on a bullish sentiment with 0.93% gain today. Today it opened it opened with 200 points then but triggered as per trade setup @ 42265 and hit both mentioned targets. This trade gave more than 400 points gain. If BANKNIFTY sustains above today's high then we will maintain the bullish sentiment triggered today. An inverse head and shoulder formation can be spotted in 15 Min TF. It will be invalid below 42330. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42720 then we will long for the target of 42950 and 43200+. For selling we need a 15 Min candle closes below 42335. T- 42100 and 41860. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 10/01/2023The FASP for BankNifty is listed for 10-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 9 Jan 2023BANKNIFTY Intraday Trade Setup For 9 Jan 2023 Buy-Above 42265 Sl-42155 T-42500 42730 Sell-Below 41870 Sl-41980 T- 41570 41250 BANKNIFTY has closed on bearish sentiment last day and week. Last week we have have seen good down move. Its likely to give a pullback before any further down move. Below 41550 next leg of down move will start. For any good up move we need a proper structure in hourly TF. Tomorrow's closing will be important for view building for the next coming days of the week. If pullback (of the down move) comes then it will try to test 42730. Post rejection from this level we have to re-analyze. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42265 then we will long for the target of 42500 and 42730. For selling we need a 15 Min candle close below 41870. T- 41569 and 41250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for BankNifty 09/01/2023The FASP for BankNifty is listed for 09-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 06 Jan 2023BANKNIFTY Intraday Trade Setup For 06 Jan 2023 Buy-Above 42660 Sl-42550 T- 42915 43190 Sell-Below 42295 Sl-42405 T-41980 41569 BANKNIFTY has closed on a bearish sentiment with 0.81% cut. We already discussed yesterday that bearish stance will be on below PDL, so has happened. Today it opened with a slight gap up and then sell triggered below 42855 on a 15 Min candle close. It hit both targets; dot level targets. This trade gave more than 500 points gain (42855- 42299). Currently BNF is at 50 EMA in daily TF. Below today's low it will be broken and bearish sentiment will continue. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 42295 we will short for the target of 41980 and 41569. For selling we need a 15 Min candle close above 42660. A pullback is needed before breakout. T- 42915 and 43190. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP Levels for BankNifty 06/01/2023The FASP for BankNifty is listed for 06-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
PostMortem on BankNifty Today & Analysis of 05 JAN 2023 expiryTake a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the charts today Expiry level positioning worked out very well today, all the option writers of the strikes mentioned in yesterday's article kept the full premium. The negative sentiment in US markets are now reflecting here as well. I am not saying because we dropped 0.81% today. Its because the depth of the red candles has stories to tell. So now we have turned negative for the year - in what what everyone would have thought to be a blockbuster start. --- Of the bank nifty components: NSE:HDFCBANK had a strong red opening candle and then one more at 13.15. Infact the chart pattern is quite similar to bank nifty NSE:ICICIBANK had much more intent going down a drop of 2.22% today of which almost an unchecked fall till 14.05 NSE:SBIN chart pattern may seem bearish thats because it had a gap up opening. But the final close was flattish. NSE:AXISBANK also had a deep fall until 13.25 after which it recovered some ground, but final close at -0.83% NSE:KOTAKBANK had a similar flattish close like SBI but the chart pattern made today shows bearishness again thats because of gap up open. NSE:INDUSINDBK had interesting opening 30mts. A gap up open and fall to flat line, then a rally back to the open level and then a fall below the flat line in 3rd candle. --- 15mts TF has now negated the bullish case by breaking 3 support levels in 2 days. 1hr TF looking good to form a lower low soon, the reversal on 3rd Jan could become the lower high. Although the charts says so, bank nifty may not even fall and could consolidate for few days before deciding the direction. It will all depend on the US FED's decision to pause/resume the rate hikes. If US markets continue to dip, then this time we may not escape as its an exciting time for US FIIs to pull money out from India and take it back. Their debt instruments are paying more interest comparing Indian version when adjusted for currency devaluation !
NSE:BANKNIFTY
by viswaram