Bank Nifty9135. Bank nifty is forming a triangle for last three months and is on the verge of breaking out of a triangle. On upper side any close above 9200 would result in upward break out and any close below 8800 would result in down side break out. On either side bankek would have rally of 1300 points, so the target comes to either 7500 or 10500. if nifty fails to break above 9200 now then we have all fair chances of seeing 7500. so keep a close watch as banking stocks have very good waitage on nifty. so we can see good rally in nifty bank nifty in comming weeks and it can be on either side.

M.Sri Mahidar

Trend is friend.