BANKNIFTY Analysis Semi-Long Timeframe:)
While Nifty has it's own issues, Banknifty seems to be having different trouble.
* Normally Banknifty assists Nifty in it's rally,
* This time banknifty is being not so supportive and bringing big guns of volatility to assist nifty.
* But seems like it has found slight bit of support at 42100 levels, still I feel it could have jumped more to get nifty to another high.
* Well only time will tell. A nice amount of undecided move in the ellipse region marked in the chart.
* I am on wait and watch mode for Banknifty for now.
I will sit on my hands and wait for a break out move to enter and not take risk in this for now.
Let's see how this one goes!.
* Normally Banknifty assists Nifty in it's rally,
* This time banknifty is being not so supportive and bringing big guns of volatility to assist nifty.
* But seems like it has found slight bit of support at 42100 levels, still I feel it could have jumped more to get nifty to another high.
* Well only time will tell. A nice amount of undecided move in the ellipse region marked in the chart.
* I am on wait and watch mode for Banknifty for now.
I will sit on my hands and wait for a break out move to enter and not take risk in this for now.
Let's see how this one goes!.
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