Tremendous rally in BankNifty
from 17600 to 20450. Almost 3000 points in just 20 odd trading sessions. BankNifty
is entering in the euphoria zone. Most banking stocks have reached their multi-month resistance levels. Traders should be extremely careful now. Big players will eat your profits that you made in this mega rally.
Tomorrow is RBI policy, no matter what happens, remember the range 20300 to 20575. Buy at lower end & sell at higher end, trade with strict stop loss. BankNifty
might go around 20575 and then profit booking might happen.