This week I look at bank nifty as it is lagging behind the Nifty on Many fronts. The wave count shows a truncated wave Z bottom at the low made in May. The weekly momentum is in buy mode on weekly charts. but far below zero even as Nifty crossed above zero. Similarly bank nifty is below the 38.2% retracement mark and Nifty is close to 61.8%. These divergences can mean that bank nifty has a lot of catching up to do and maybe a major gainer in the weeks ahead as it makes up for lost time. Bank nifty is also below the 20 week average and Nifty is above it..