BANKNIFTY (10896) - See the post dated 08th Oct., as posted exactly it took support at the mentioned support level of 9950-9750 (made low 9947 on 09th Oct.), from there it moved up and exactly attacked the mentioned upside target of 10880-11025 (made high 11091 on 25th Oct.). So more than 1075 points that to with in 11 trading session.
What next ?
Even though it seems not topped out here as per the price movement
but the target of 10880-11025 is resistance only
and beyond that up side target and resistance may extend up to 11200-11400
in case trade and stays above that next upside target 12750-12950
So if not move beyond the mentioned resistance of 10880-11025 & 11200-11400
then the down side target once again at 9950-9750
so the sum is
12950-12750 << 11400-11200 & 11025-10880 >> 9950-9750
Once again the same footnote : In between the above mentioned levels, it may zig zag it is nothing but noises. but based on the day movements(intra-day price and volume movement), Can or May capitalize 100----400 points it is up to the traders or otherwise Just concentrate the mentioned levels (prices) ; nothing else.