BANK NIFTY

BANK NIFTY

Last close 26841.30

Immediate support & the rock solid support exist at 26691. Now till it manages to hold this, bulls should not worry. Buy on dips could be the best strategy at this point of time. While on the upper side expect it to flare upto 27011. Again selling on higher levels is what we expect today. If at any point of time crosses and stay above 27011 then huge short covering across the banking stocks will take this to 27159..!!!.