BANKNIFTY FUTURES opened on a consolidation to flat note @ 11841 , which was the intraday low point of the day after yesterday’s spectacular rally. It made an early attempt and managed to break pass the 12000 mark making an intraday high of 12024 in the process. It closed day @ 11919.
BANKNIFTY FUTURES has again today managed to close at the life time high of 11919 making it very bullish for the time being. It has met with some selling pressure @ 12000 mark and the next level to watch for will be the 12200 level. On the down side the levels of 11700 and 11400 may act as an support zones.
Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.
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