SELL BANKNIFTY. REASONS FOR ANTICIPATING FALL: 1. RSI Oversold on hourly chart 2. Today's uptrend is purely based on news. 3. Took turnaround at resistance its major 29417 4. PSU Banks employees strike for 4 days. 5. TARGET 28500-28200-28000
SHORT CALL GIVEN FEW DAYS AGO. ACHIEVED
Above 685 target 715, If below 625 target 580
As made clear yesterday, BNF touched 27200 and low. Next stop is at 26700 until a potential turnaround.
If Bank Nifty close below 27600, then next stop is only below 27200-27000-26800
ICICI Bank short term target 360. Time period: 1 Month. Note: This is an expression of my personal opinion. Take position at your own risk.