While Nifty has been blasting in recent weeks, Bank Nifty’s move has been anaemic in comparison. However a huge move in Bank Nifty is imminent.
First, see the longer term chart of Bank Nifty below:
It is in a clear Uptrend based on the Monthly KST. Next look at the shorter term chart. It has been consolidating and has now broken out of this pattern.
Expect some Diwali Dhamakas from Bank Nifty in the coming weeks!!
