BANKNIFTY is unable to take out its previous high, with huge selling pressure above 26600. making it a SHORT SELL Candidate, SELL BANKNIFTY around 26450 with Stop-loss of 26305 and Target 1 at 26305 and Target 2 at 26080. These calls are purely based on Technical analysis. Investing in these calls requires self decision or advise from a financial analyst. I am not a SEBI Registered technical analyst. ***Highly volatile counter - consult your financial advisory before investing.
Trade closed: target reached
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Target 1 Met @ 26305. Book Profits and exit the counter.