Bank Nifty opened Gap up and mostly traded in positive zone throughout day closing at 20895 on weekly expiry day.
Daily as well as hourly chart shows closing above middle Bollinger Band. Bank Nifty also bounced from lower line of (brown) channel. So a wave might have completed and up move started from low of 20757.
A daily close above 21100, it may again start up move towards new high. Breaking lower channel line may open possibilities of further correction to 20400 level.
Tomorrow above 20920, target is 21010/21110. Below 20870, target is 20775/20680
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