BANK NIFTY RALLY SHOCKS…………………….
BANKNIFTY FUTURES opened today higher by 65 points @ 11448, at almost the low point of the day and rallied throughout the session to make an life time intraday high of 11874. It finally closed the day @ 11854.
BANKNIFTY FUTURES has managed to close today at the life time high of 11854 , surprising everyone with the pace of its rally. It has broken all the resistance level in its way today to make an life time high for the second consecutive session. The next levels to watch for on upside are 12000 and there after 12200 mark. On the down side it may manage to find buying support @ 11600 and thereafter @ 11400 mark.
Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.
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