Roll - Over view on NIFTY

Again a week close on NIFTY & BANKNIFTY. Mainly Banknifty is facing lot of selling pressure. All PSU banks are up and wise-versa all private sector banks are down. In upcoming series Banknifty will face serious selling pressure. Crucial support @ 18100, if it breaches on closing basis then more downside is ahead.

Roll over stat:-

BANKNIFTY rollover % is 61.49 (previous 67.48)
NIFTY rollover % is 63.1 (previous 69.97).

It also indicates the weakness in system. Let us see what will happen. In upcoming post i will update any ideas for next series.

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