NOW AS WE HAD MENTIONED IN THE PREVIOUS CHART 19500 ZONE WOULD BE A TOUGH RESISTANCE AND TO BREAK THAT A GOOD GAPUP HAS HAPPENENED.INTRADAY LONGS CAN BE INITIATED ONLY ABOVE 20250 FOR A TARGET OF 20875/21125.THIS TYPE OF GAP UPS ARE REALLY BECOMING A PUZZLE TO SOLVE AS ALREADY WE HAD WITNESSED TWO ISLAND REVERSALS IN PAST BECAUSE OF SUCH GAPUPS.
banknifty has cleared its first resistance near 17825 and with good volume,next big resistance lies near 19045/19540.19540 will act as a very good trendline resistance closing above this level will lead to 20150/21100.