Banknifty was outperforming Nifty during pre-covid levels. Banknifty was almost 2.65 times of Nifty levels in Jan'20.
Banknifty may outperform nifty atleast by 2.65 times where it has resistance. RSI is also bullish for BN/Nifty chart.
Today BN/Nifty weekly chart resisted at 200EMA levels , if it crosses same then it will reach to 2.65. (currently at 2.25)
That will also be Pennant BO.
T1=2.4
T2= 2.65
Views invalid below 2.10
This all analysis is for educational purpose only and not for investment/trading.
Banknifty may outperform nifty atleast by 2.65 times where it has resistance. RSI is also bullish for BN/Nifty chart.
Today BN/Nifty weekly chart resisted at 200EMA levels , if it crosses same then it will reach to 2.65. (currently at 2.25)
That will also be Pennant BO.
T1=2.4
T2= 2.65
Views invalid below 2.10
This all analysis is for educational purpose only and not for investment/trading.