Weak below 52500..!!?

6 Kas

As we can see despite the strong movement in all other index including NIFTY and Sensex, BANKNIFTY remained sideways to negative throughout the day showing no strength despite looking good pattern wise. The pattern seems to viable only if BANKNIFTY breaks above 52500 until it can remain sideways to negative so plan your trades accordingly and can prepare for bearish trades till BANKNIFTY breaks above 52500.