banknifty future at 15300 again above it stay long

banknifty technical analysis for 10 march 2016

banknifty technical analysis for 10 march 2016

Banknifty future today closed at 15329 with gain of 175 points. As I already suggested banknifty has taken support at 15k average support and achieved 15300 tgt. above it outlook and strategy remain bullish. On upside expect targets of 15450 and then 15680 and final target will be 16550.   Below 15300, possibly of deep correction remain open for both nifty as well as banknifty. Future traders must trail SL to their profitable positions while option traders use 15300 call options as buy on decline with stop loss.

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