Nifty and bank nifty - both are in the breakout mode. Any dip is a buy. One can expect a minimum of 11450-550 in nifty and 28100-28350 in bank nifty during the next week.
Do not expect any big correction and do not be in short side if you do not believe in this bull run. As long as S&P index has not crossed 2872 ( previous high) our market wont come down. It is just 40 points away from ATH. August month is likely to set record high globally for all indices.
Our members have already taken 11300 CE on expiry day at bottom and holding it till we meet our target.
Refer my previous postings where I have clearly mentioned break out in BN to happen once it crosses 27164. Had you followed the blog, you would not have missed the rally in bank nifty.
Any way, for good profits, hang on to 280000 CE month end expiry around 200-220 for target of 500+ with SL at 194.
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