Banknifty long term bearish mode. It indicated a long time bearish consolidation range from top 36174 down to 34480 in next 1 or 2 months till mid - Feb 2022.
Thus, it will also drag down Nifty as well. Only Reliance and HDFC brothers would pull it up these indexes during this phase of consolidation.
Hence, prepare for the roller coster ride with VIX in range of 18 to 23 (high today). VIX was such a violent at 26 - Feb- 2020. Incidentally, this was the date on which both indexes were down violently as Nifty falls 5000 points- Pls note !!!!!!!!!
Thus, it will also drag down Nifty as well. Only Reliance and HDFC brothers would pull it up these indexes during this phase of consolidation.
Hence, prepare for the roller coster ride with VIX in range of 18 to 23 (high today). VIX was such a violent at 26 - Feb- 2020. Incidentally, this was the date on which both indexes were down violently as Nifty falls 5000 points- Pls note !!!!!!!!!