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Watch 968 level to buy at good support
One can buy closer to price level of 500 with SL below 440. Holding support at 200-W SMA, it may break out all time high level of 655.
Keep an eye on price level of 1262 for a breakout on weekly chart.
A close above 250.50 will signal a good breakout for quick gains.
It is in a good up trend and this correction to its support area is worth buying for an investment.
Expect fireworks soon in the stock with the IT sector doing very well.
Bank Nifty has given breakout failure of its support zone and because of this failure it can now move towards the resistance area of 25400-25475 in next one to two weeks.
Nifty is currently moving in an uptrending channel and is likely to face resistance as marked on the chart. Buying opportunities can be found at lower extreme of this uptrending channel.