Nifty future hit 9702 high banknifty hit 23570
Nifty future today hit high at 9702 after open strong. Continues to gain and closed at record high on strong buying as well as trapped short covering. In last 2 trading session nifty rallied from low of 9600 to highs of 9700+.
Nifty future achieved my given July 2017 bullish swing target of 9660 and given swing high up to 9700+.
In last 5 trading session nifty recovered from low of 9450 to high of 9700+. 250 points rally in just 5 trading session. Nifty 9600 call options rallied from sub 50 rupee to almost near 200 rupees.
Now on upside 9820 is major hurdle for nifty future and it will remain buy on dips for big upside target of 9820 if sustain above 9660 on daily closing basis.
Banknifty future also hit high of 23570 while my July expiry bullish targets are 23700 and then 24200. Banknifty 23500 call options rallied from low of 140 to highs of 310 rupees in 3 trading sessions.