12 Jan ’24 — BankNifty goes neutral, Euphoria missing unlike ITBankNifty Analysis - Stance Neutral ➡️
BankNify opens above the resistance area of 47539 and then briefly falls below that till 09.59. When the entire IT sector was screaming GREEN, Banks were keeping lull. BN had its proper resistance break at 10.07. From there it made 2-legged rise to 47873 before giving away 270pts between 14.39 to 15.07.
4mts chart link
We are impressed by BankNifty’s bull attack today that allowed the stance to change from bearish to neutral. But we still do not think i
