Banknifty is Still trading below TrendLine and 32% Fibbo lavel which indicates that its still in down trend. trading range for next week will be between 23000 and 21100. Go long @ 21500 for tgt 22470 and 23000 wit Sl 21000. Go short near 22500 for tgt 21500 and 21000 with SL 23000.
Range for next week for Nifty will be 11219 and 10563. we are almost at center of the range. Current Trend is up so would recommend to go long with Sl 10770. If goes down then Buy around 10600 for tgt 11000 with Sl 10550. If Moves up then Short near 11100 for tgt 10900 and 10800 with Sl 11200.