The Nifty and Bank Nifty rallied strongly and it was rightly observed on Friday in our posting that the fear factor is almost brushed off and ignored.
The outlook is positive and the rally is likely to continue for another 100 points in Nifty. Bank Nifty is well poised for a rally up to 25000+.
Immediate target for Nifty Future is 10165 and BNF is 24742 for this week expiry. After this rally one need to be careful.
Tip: Buy 10100 CE around 52-55 for a target of 85/99.
Happy Trading!
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