banknifty weekly-heading towards my tgts 16900-17700

 

banknifty weekly-heading towards my tgts 16900-17700

Banknifty future this week closed with strong gains at 16753.

 

This week we saw strong technical breakout above 16300 with strong price action and on volumes.

 

Buy call was given at 15500 for tgts 16900 and 17700. 16900 tgt is in sight while expect 17700 if sustain above 16900.

 

PSU banks rally is started and expect big short covering rallies ahead in this segment. Top pick SBI and PNB.

 

Booked full profit in banknifty 15500 call option with almost 1000+ rupee gains in premium!!

 

 

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