BANK NIFTY - SPOT

BANKNIFTY  (18510) - 

Post No.1)  11th March 2014 , when it was trading at 12100, posted as "Above 13300-13500, ready for mega up move ,

if it happen, will post the mega upside target."

Post No.2)  13th May 2014, when it was trading at 14000, posted as "Now Support 13500-13300  & 12800-12500

above that

  Ultimate Upside Target 

18200---18900"

Post No.3) 22nd Aug.2014, when it was trading at 15600, posted as "Resistance 15725-15925

But trade and stays above that next upside target 17050-17250

and afterwards already mentioned  

ULTIMATE UPSIDE TARGET 18200-18900 

is remain same and intact."

***

In this month of December, on 05th, it made high 18875 and yesterday it closed at 18510.

so mentioned target attacked completely

that is from 13300  to 18875, more than 5500 points that to with in 7 months period.

***

So now it warranted correction.

Correction target 18200-18000 

and below that 16500-16300