Bank Nifty

Buy with stop 6877, target 6972-7039

Banking Sector

Majority of bank scrips giving buy signals on the charts ... something in the offing that we dont know as yet ? Bank Nifty would be the best bet, in case we see an upmove in banking scrips. Remember the earlier bank nifty call ? ;)

Weekly Update

Bilcare target given 825, achieved a high of 874 !
ABL reached a high of 98.80; above 100, next part of the upmove.
Albert David target achieved, high 106.
Avery India target of 78 achieved with high of 81.70; headed for 88+ now.
Tata Yodogawa high of 173.40, call still in progress.
Thirumalai high achieved 152.50, short of target given of 158.
Matrix target achieved with a bang !
Moser baer both targets achieved; still rocking !
Sobha call not triggered due to gap up opening.
IPCL targets achieved.
Bank Nifty target achieved with a bang; still rocking !
Triveni call still in progress.
Sesa achieved T1 with a high of 1735.
Zee both targets achieved.

Bank scrips

Seems like the sector is on the move ... so it would be a good idea to buy Bank Nifty @ CMP, with stops 5660 intraday, target 5815-5945.