Bank Nifty Future gave almost 10% upside movement in last 4 trading sessions. Bank Nifty Fut respected pivot points of daily chart candles and reverse from 21048 and it seems it is clearly in a bull run . Today Bank Nifty Fut closed at 22824.95 exactly above R1 22653.16 . Also its RSI is 62.39 and it seems good move is still pending to reflect in chart.
We see Bank Nifty further upside till 23460 and once it closes above it on 22nd of July then on 23rd it may even test 24000 levels . However if it takes resistance at 23460 then it may again test levels of 21940 and 21048. We expect to buy Bank Nifty fut between 22800-22850 for the target of 23200 and 23500 by keeping stoploss below 22500.
By : Roopali Vaish
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