bank nifty fills up the gap which I had mentioned in one of my post. and gap provides strong support to it. stochiastic is in over sold condition and there is divergence between price and oscillator. Hence bank nifty may bounce from here. as such it is premature to assume that it is going to take out all time high. as per me another selling opportunity lies ahead. at present my view is neutral. but one lesson market teaching every body don't follow gap up or gap down.
@UpendraBabu, sorry not finding enough time.will try to post soon.
freakedmind
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Sir, I agree there will be a bounce but I think it will be short lived. Don't you think today was short covering and it is likely to fall after hitting 34500 or 35000?