BankNIfty : Divergence vs Nifty

12 Eyl 2018

BN has corrected way much more than Nifty. And looking at monthly charts RSI is showing a reversal. Is this the multi year top may be but Nifty is looking far better than BN.

Nifty -- Breach of 10900 levels would mean ( Multi Year Top )

Let's see how BN moves ahead in next 2 months -- 26000 - level to watch

24 Eyl 2018

Not

Both BN and Nifty has breached major support and Life highs have been made -- the markets will now be in correction mode !! 2008 Bears are Back !!