Currently banknifty/nifty = 2.05 .
This clearly indicates the banknifty is overbrought and should be sold and nifty brought , inorder to return to the historic static mean of 1.9 .
I am gonna sell 1 lot Banknifty future 29 May and buy 1 lot of Nifty future of 29 May contract.
I am expecting a gain of 10 K , currently banknifty 14800 and nifty 7200 , imbalance of 400 pts on banknifty side.
My stoploss would be if the ratio tends towards 2.2.
Require your views on it.
This clearly indicates the banknifty is overbrought and should be sold and nifty brought , inorder to return to the historic static mean of 1.9 .
I am gonna sell 1 lot Banknifty future 29 May and buy 1 lot of Nifty future of 29 May contract.
I am expecting a gain of 10 K , currently banknifty 14800 and nifty 7200 , imbalance of 400 pts on banknifty side.
My stoploss would be if the ratio tends towards 2.2.
Require your views on it.
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