Nifty future hit 8270 given target 8335
Banknifty future hit high 18750 my targets 19000 and 19460
Bank nifty future today closed at 18682 with strong gains. As I already suggesting that level below 18400 means oversold banknifty and remain value buy. Bank nifty future hit high near 18750 and my targets are 19000 and 19460. On every upside see strong and sharp short covering spikes. On downside banknifty future support zones are 18400 and 18300 and fresh long entry zones with stop loss. Banknifty weekly chart is bearish but oversold. Future traders who bought banknifty below 18400 are in profit and keep buy on declines strategy. Banknifty 19500 and 20000 call options of Jan expiry showing gains. From long term view, bank nifty future weekly closing above 18800 means journey towards 20800+.