For the bears the last hope is at 5200X levels .. Bank Nifty may head to 10000-10200 levels
Our stops on Nifty were taken out with ease.. however BN headed higher and reached my target of 9800. Now to watch for weakness
These are based on the channel resistances. I'm still very sure that the markets dont have much more on the upside. This is just a hunch - Markets are supreme. We can only trade the technicals.
Banknifty hits the target as specified earlier.
Banknifty trading above 10080 will change the structure of this WW. and we can expect a bearish structure to form - Which means we will dip from 10080+ odd levels maybe 10100 or 200 to 8650 then head higher possibly to 11200 or so..
So key levels to watch are 10080.. No shorts on Nifty / Banknifty - A good trade would be when we head to 5200 and 10200 (channel resistances)
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