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⋅ Bank Nifty has become a wild beast off late and the news based up move and down move is not really healthy.
Earning has to match the investments. Bank nifty had a dream bull run with not much correction this year.
Looking at Monthly chart bank nifty is at critical point.
Going by the history whenever RSI was around 75 BN had a healthy correction to the tune of 6000 points.
Currently BN is at similar situation. It is time to be cautious or place safe bets on BN.