Upperlimit for BankNifty is 28000.It should be extremely overbought above this level and as we see,trendline has gone steep which suggests- correction might be more steeper.
Steel prices have settled and Tata Steel might correct upto 675 within 2-3 weeks. If budget presents impetus for steel, It cud reverse its position for 8-10% gains. Interesting time ahead for steel industry if budget is Ferrite-friendly
Lots of speculation of Anil Ambani getting Defense Contracts manufacturing and timing cudn't be better with Israel PM visiting India for $500 Million defense deal. RNaval can be biggest beneficiary if they share joint manufacturing. Watch out for breakout if any such news breaks!