RSI above 60, Bullish candle formed above 89EMA & 200 EMA which is a clear sign of a bullish trend. You will see a gap up opening on Monday. Long your position of targets - 21929. If sustains above 22000 then see a high at 22340.
Don't make a short position next week.
After consolidation, I am again bullish on Banknifty. Cup and Handle Pattern has formed on 15 min chart which is a bullish signal. You may see expiry between 21700 - 21900 in tomorrow session. Long your position for month expiry for targets up to 23000.
I am now bullish on Banknifty. Previously i've recommended to short your position on Banknifty for targets up to 21000 and we saw that level yesterday. Now make a long position on Banknifty as chart looks strong and Cup & handle patter has formed. Targets up to 22000. May consolidate due weekly expiry and you may see high volatility.
Note: Trade cautiously, ask...