Yesterday in the BN intra day update we spoke about exiting longs at 10917 in BankNifty and waiting to see if OrderFlow confirmed our pre-market assessment.
We got a sell signal in the last few minutes of trade in the BN, a signal which stayed red all morning today confirming that sellers were in intra-day control for the moment. At the time of this post, the BN is down over 100 points from that signal and 10750 and 10790 are points to take some of the profits off.
