Lots of people are bearish right now.
But I think, Banknifty will accept the support and survive in the Range zone for some days to come or may even give a range breakout in some days, if things go right.
Glenmark Pharma is in Collection zone....excellent stock for momentum Investing.
Park money only "when it breaks the rectangle formation". Easily could give 100-200% returns in 1-2 years time frame.
* Idea only For Investment purposes.
There is a possibility of potential cup and handle formation in vedl. Short targets could be kept at 249 or lower. Details are below
Entry point- above 325 or near to it.
Stop loss -25 points ( around 350 in closing candle basis )
Targets - 75 points ( 250 around or lower )