Important that Bank Nifty captures 19150 levels again: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on markets. Excerpts:

ET Now: Your sense of how things may pan out?

Mitesh Thacker: I have been saying that 8800 is the important level to watch out for, we have kind of manage to hold that and bounce back. I am still not sure whether we will break immediately above the earlier highs but what is important is that the Bank Nifty which is below 19000 manage to capture 19150 again.

So in case the Bank Nifty can stabilise for next few days and not start breaking below 19000 again then we have a chance from Nifty getting pass 9000 but it could be choppy for few days with 8980-8950 on the upside acting as supply zones while 8800 acting as some kind of strong support.