BANKNIFTY
so far bank nifty has been trying to move over the previous weekly seell zone which spreads from 42500 to 42700 area , if bnf somehow manages to push through 42500 then we can see move till 42600/700 levels zone marked, above that we might be able to see 43000 level targets with a fast or slow and steady upward moves , with major time frames still in bull run we need a major sell off to see bnf get unstable for panick selling, watch bnf below 41900 how it reacts to minor support zones which might make the fall little hard to happen.
keep booking small targets till market is in sideways structure on smaller timeframe.
Trade closed: target reached:
bank nifty hits the target after spending time in sideways tight range
Comment:
#banknifty makes new support over 42715, trying hard to reach next sell zone marked above