RECAP:
Last week we had written that trading above 9125, BNF will make a move to 9305.
BNF pretty much traded as per the weekly analysis.
BANK NIFTY
Coming week could present interesting trading oppurtunities in BANK NIFTY.
Trading above 9305 will make BNF extremely positive and it can race to 9370 and 9440 in days itself.
Weekly support for BNF is placed at 9215 this week.
For BNF to become really weak, it has to break and trade below 9075.
In such a scenario it will drift easily to last week's low of 9001.
Breaking and trading below last week's low can bring in significant correction to the extent of 8925 and 8855.
Nifty future Twists and Turns here
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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