Banknifty is looking good to go long (Plz go through my previous weekly idea of bn) 1. BN retraces after touching 24100 (yellow marked line)
2. Took support and bounced from 23150 level (previously marked; green line)
3. It has breahed 200 dma convinsingly in PDS making a bullish engulfing.
4. A good rally may be seen from here. First target 25100. This is supply zone as well, so bn may show some profit booking. When this level (25100) will breach next target is 26500
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