BANKNIFTY looks to be making a lower top on the hourly chart. support for the index lies around 22150 then 21775 followed by 21450. on the upside resistance is around 22350 followed by 22725. The index should be sold below 22150 for targets of 21800-21500 with a stop of 22350. On the other hand. If moves above 22350, the index can be bought for target of 22650 with a stop below 22150.
Trade closed: target reached
Trade closed: target reached: Both targets reached