Bank Nifty spot opened at 25152.85 , made a low of 25000.90 , it made a new life time high of 25179.50 , before closing at another record high of 25122.80 . Bank Nifty gave a consecutive close above 25000 today .
Had mentioned in the previous post " Now Bank Nifty needs to break and sustain above 25150 in the coming session to test 25250 - 25300 levels. Those who are holding longs should now further trail their cbsl to 24865 . Those who are looking to go short on further upmove should keep a strict cbsl of 25340 spot ", and today Bank Nifty broke above 25150 but could not find a follow up move to test 25250 - 25300 levels . We have the RBI policy tomorrow and we can expect to see a good move in Bank Nifty . For tomorrow the view remains the same , above 25150 we should see a test of 25250 - 25300 levels initially and below 25000 we should see a test of 24950 - 24850 initially .
Bank Nifty Spot Levels for the day are
Long above 25170 for 25195 – 25230 – 25315 , SL 25110
Short below 25075 for 25050 – 25015 – 24930 , SL 25135
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