Even though Nifty was bearish throughout, Banknifty was not today. Banknifty broke low made in first half only during last 15 minutes. Consequently, it finished as a doji candle unlike Nifty. So Bank nifty is does not look as ready to fall as Nifty does. But in the process of today's fall, it created a good Selling area which can be taken advantage of. As written in my post on Nifty, buyers and sellers are almost equally poised. Option chain data in BNF is not as conclusive as in nifty. On the basis of charts, one can trade as shown on 15 min time-frame, provided BNF does not break today's low.
All the best. Happy trading.
All the best. Happy trading.
Commentaire:
One mistake- In the end read it as one can trade as shown on 15 min time frame, privided it BREAKES today's low.