BANK NIFTY ANALYSIS (SHORT RANGE 23150-23250)

Bank Nifty is looking bullish and breaking the harmonic defined levels. This can be operator based move as financial markets are moving up, despite of Global weakness and Stimulus talks revoked (US). I have done a comprehensive study and derived the new levels. Though, Going short in this market is highly risky, but here are no gains with no pains. For October month end expiry, I see BF at 21000. This is just my personal view.

PS. I also see a RSI divergence on 1 Hour TF and it should work in the coming days.