BANKNIFTY FUTURES opened today on a flat note @ 11191, it was almost the low point of the day and rallied the whole session making an intraday high of 11409 in the last hour of trading. It closed the day with a positive bias @11383.
BANKNIFTY FUTURES managed today to break the double top formation of 11245 and rallied almost 150 point from there to register an life time high of 11409 . Bank Nifty is looking very bullish at moment and the levels to watch for on upside are 11500 and thereafter 11700. On the down side the levels of 11050 and thereafter 10900 may find good buying interest.
Our view on BankNifty is Bullish . Any corrections should be treated as buying opportunity with appropriate stop loss.
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