Yes smart traders, they realise these key levels soon & take advantage of an upcoming move like we did & cut our short positions exactly in the zone 21600- suggested to sell below 21600 in previous updates.
Going above 21750 & holding above 21750 we will leave some pattern behind us for higher targets in the range 21900-22000. Guys who are long in BankNifty from previous update -should hold with stops below 21550.
Double Top to cap & to sell below 21395
Last Price -21755
We book our targets here at 21760-21770 & fresh buying above 21800 & above for 21950-22050 Target zone next.
Profit Booking Chart Shown below
We crossed 21800
Keep booking partial profits
300 points were booked in this long call. Done & Out.
Abhishek H. Singh, CMT
Growth Director - India