Nifty future hit 8219 target given 8335
Bank nifty future hit 18500 remain value buy
Bank nifty future today closed at 18314. Bank nifty future price trend is absolutely down but prices are highly oversold. Bank nifty last support zone is 18400 and below it remain value buy from short term view. My bank nifty future targets are 19000 and then 19460. Traders use sub 18400 levels to buy and accumulate with stop loss. Option traders keep buy on dips view for next month bank nifty 19500 or 20000 call options with stop loss for big medium term gain. From medium to long term view, bank nifty below 18880 means downside up to 17350 which is possible if panic situation comes to market once again. Reversal above 18800 on weekly closing will set long term target at 20800 which is I hoping for in next 2 to 4 months.