BANKNIFTY Set for New Highs?

BANK NIFTY: The index was over performing Nifty for the day, closed positive on weekly basis. Hovering around the breakout levels. Most of intraday’s gain was given away. The trend is up as RSI is well above the 60 levels. Any pullback to 30250 will be a healthy pullback, below it the index may further drift to 29350 levels. Any positive price action between these levels should be utilized for creating longs. Below 29350 the index may get into serious trouble. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.