banknifty technical analysis for 17 march 2016
today closed at 15553 with gain of 155 points at day high. Banknifty given range breakout above 15330 and now trading above it. My given 15450 short term targets achieved next tgt 15650. Final target of this rally is 16550 which is expected at expiry!! Future traders keep buy and accumulate view for target 15650. Long positions with profit must be protected by trailing sl. Option traders use far month banknifty 16500 call for buy and accumulation.