Today, lets talk about bank Nifty. If we see Bank Nifty’s daily chart, we can clearly see how powerful breakout Bank Nifty has given. It came out from the channel which it was following from past 9 trading sessions.
In chart we can see that it is very close to its ATH resistance near 45600. Those who already have a position in bank Nifty, you may book half of the profit and hold for rest. If Bank Nifty gives breakout above 45600 with good candle, we can enter/re-enter for a buy and hold for next targets of 46000 and 46500. If we see its Fib chart, its giving much higher targets. So we should wait and watch. Thanks!
