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However as per weekly charts, Banknifty still has potential for further upside. Only below 21850 targets will be 21200-19900.and above 23500 targets will be 26000-27000
Nifty : On daily charts Nifty is making lower tops and doji everyday, indicating profit booking /distribution. Support exists around 10700- 670-640 below that we will open for 10525-250 However above 10880 our targets will be 11100-11350-425. Have a look at daily chart
As per weekly charts Nifty will be weak below 10650 and upside resistance is placed at 11250, so better use dips to add longs till you are above 10525 on closing basis, support exists around 10650. Above 11250 we can see sharp rally towards previous highs.
