We are trading in Futures and Options. Hence monthly and weekly target price is more useful. But if the top level is 8600 max. Then we can take risk once the next up movement appears which may happen before Jan.17 expiry. Also please share on Bank Nifty Futures and Options, if possible.
@venkaticr, You got it right...8600 are max levels as per our study. It may fall at multiple resistance zones below that...But we are considering here the last bastion of resistance. If NIFTY breaks these levels then we will be seeing another BULL RUN !!