Hello and a warm welcome to this analysis on BANKNIFTY Bank Nifty in its hourly time frame has activated a Bearish Alt Bat suggesting the possibility of a decline till 37250-37000 as long as it does not trade above 37425 spot levels,
Nice pick sir. Bnf is going at such a rapid speed, I fear shorting.
Dinesh_C_Nagpal
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@amisumit100, consider the pattern has an indication of not adding fresh at these levels. One need not trade all trends. Can wait for the dip and or above 38425 spot
samirshah2910
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if at all the fall comes, does BnF presently have the power to influence similar character in other Nifty50 or other indices ?
Dinesh_C_Nagpal
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@samirshah2910, BN has approx 30%+ weight in nifty. It does impact the movement.