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Bank Nifty : During last week, As we predicted: Bank Nifty hit highs of 22657 ( we told you resistance 22600-22777) to low 21028 ( our levels were 22200-21900). A great 1600 point fall. Hope you enjoyed. Now Bank Nifty has given channel breakout on Friday, so our targets will be 22500-23100 to 23800. Big rally can be expected on crossing above 24000. Support exists between 21550-21650 Below that again 21350-21000 will be our targets. only below 21000 we can expect sharp fall. Have a look at daily chart :
