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The price is spot other thing is explained in chart .
The position can be initiated when Nifty spot touch 12035 . Details in chart .
After gap of few weeks once again I am sharing Idea on BankNifty . Last ideas have already achieved targets .
First target looks 30200
The entry point is 30770
Details on chart
Trend is up . Chart pattern is good and majority of indicators are bullish .
Buy can be initiated right now at 70.73 to 70.7350 . Short term traders can place stop loss at 70.49
Risk rewards ration looks favorable for taking long position in Nifty if available around 11940 .
Still there is more downside on Nifty . 11870 is coming soon.
Tata coffee has crossed meaningful resistance of Rs.83 . Next logical target looks to Rs.89 in short term