The BANKNIFTY is long overdue to outperform the NIFTY.
Add to your BANKNIFTY longs while holding NIFTY longs. The next closing targets for the markets are 18852/43463.
We are looking at possible levels of 20809/47861 where the current rally could see an intermediate top, sometime in early 2023.
Book ample profits for the weekend and wait for Monday to re-initiate fresh longs.
The trailing closing SL stands at 18596/18444 and 42874/42524 depending on your risk appetite.