***educational purpose only
11/5/2022 post market analysis of Bank nifty futures
Here too, just like Nifty futures, trend is super bearish. The candles are real close to the resisting trendline and there is a very strong resistance at 34800/34825 zone.
PCR is 2.17 on closing which is bullish which signals that we might still see an up-move in the Bank Nifty futures.
I personally feel that PCR may correct itself tomorrow but overall the chart trend is bearish and the strategy should remain as sell on rise.
11/5/2022 post market analysis of Bank nifty futures
Here too, just like Nifty futures, trend is super bearish. The candles are real close to the resisting trendline and there is a very strong resistance at 34800/34825 zone.
PCR is 2.17 on closing which is bullish which signals that we might still see an up-move in the Bank Nifty futures.
I personally feel that PCR may correct itself tomorrow but overall the chart trend is bearish and the strategy should remain as sell on rise.