Nifty futures have come out of the initial resistance zone and ready for a big up move. There is no doubt about it. One can expect an up move of minimum 200 points from 10606 if Nifty Spot closes above this number on a daily basis.
Bank Nifty is showing some bullishness after two months of range bound consolidation and zig zag moves without any clear direction. Now with PSU banks closing positive and private sectors are also joining the party, we can expect a rally of minimum 150 points from here. However a close 25795 only will make way for big moves towards ATH 26200.
Be long in the market with a strict SL just below your cost price.
Suggestion : Buy 26000 CE month end expiry at CMP for target 210/240.
Nifty 10700 CE is worth betting at CMP for target 70.
Happy Trading!
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