NIFTY still lag that support from NIFTY BANK. MARKETS are again painting simillar picture, of holding the low of (TIME SQUARING) DATE on closing basis, and trade sideways. Just consuming more TIME. Let’s see how long this continues.
NIFTY is week but NIFTY BANK is not. Highlighted this yesterday as well. Critical events due in next 2 days, better to hedge trades using weekly CALLS, and let markets navigate these events.
The INTER-MARKET diversion between NIFTY and NIFTY BANK cannot last beyond a certain point. Some one have to give up. Let’s see how things goes. Better to protect trades and watch things play out.
NIFTY UPDATE
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