BANKNIFTY FUTURES NOW LOOKING QUIETLY OVER VALUED AS WE ARE EXPECTING SOME PROFIT BOOKING AT 21000 AND 20900 LEVELS. MEDIUM TO LONG TERM BIAS SILL VERY POSITIVE AS WE HAVE ALREADY NOTICED HUGE ROLLOVERS IN NIFTY AND BANKNIFTY FEB SERIES.
NOW FOR INTRADAY TRADERS AND SHORT TERM TRADERS ITS GOING OUT TO BE A SELLING OPPORTUNITY .
IF BANKNIFTY TRADES BELOW 20850 THEN SELL AND MAINTAIN A STOPLOSS AT 21000 FOR THE TARGETS OF 20750-20700.