Keep an eye on RBI credit policy. If market forms a range before RBI press conference, then after the conference, any break out will result in atleast quick 150/200 points in any direction in Bank Nifty.
If BN opens flat, wait for price action to form. If after making a range, it break out upside, we can see targets mentioned in the chart.
If banknifty crosses its resistence zone around, 41800-42000; then 42750-42800 will be fast approaching.
Important level for monday 6th feb is 17950, if after consolidation we breakout of 17950, we can have the next target 18200.
