Symbol - BANKNIFTY
BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area.
I think BN will take support at these levels & will show a reversal from here.
Hence I am creating long positions in BN futures at CMP 47335.
I will add more position between 47080 - 47200, if comes.
My SL would be below 47000 & Targets I'm looking for are 47900 - 48470 - ATH.