For BankNifty (near future targets): First of all, we need to get out of this range of 27000 to 27250 quite comprehensively. Pullbacks on either side are doing nothing but blowing away stop losses of traders while eating premiums too.
Then, further targets may be 26920, 26750 on downside (these levels may prove to be temporary support too). On the upside, 27350 shall be initial target and please note that it is now really mandatory for bulls to breakout above 27400 decisively in near future in order to expect 27550.
Then, further targets may be 26920, 26750 on downside (these levels may prove to be temporary support too). On the upside, 27350 shall be initial target and please note that it is now really mandatory for bulls to breakout above 27400 decisively in near future in order to expect 27550.