Bank Nifty may consolidate at 9700-9900 levels: Sandeep Wagle

Bank Nifty may consolidate at 9700-9900 levels: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com gives his overview on Bank Nifty

ET Now: What is your call on Bank Nifty?

Sandeep Wagle: We had a buy at 9450 and our target was 9750-9800. It has gone far beyond that. It has made a high of 9900 and at this level, some profit booking is likely. Not to say that it is weak. It may consolidate in the range of 9900 and on the downside maybe 9700. It will spend sometime there. So, it is not a buy at these levels. If you have bought at lower levels around 9495, time to take some money off the table.