BANKNIFTY for 22nd November

Banknifty today was much stronger than Nifty and kept making higher highs and higher lows after initial fall but Nifty was too weak to rise. It finished as a Base-like candle with lower high but higher low. Please also check the youtube video posted under name Market movers India with more content. For Banknifty, 31500 seems stiff resistance like 12000 remains for Nifty. So again if one has to Sell BNF, Sell between 31470 and 31500 with a SL of 50 points only. For Buying, a reliable buying area is shown on 15 min chart almost 300 points down near 31050.
All the best. Happy trading.