I am now bullish on Banknifty. Previously i've recommended to short your position on Banknifty for targets up to 21000 and we saw that level yesterday. Now make a long position on Banknifty as chart looks strong and Cup & handle patter has formed. Targets up to 22000. May consolidate due weekly expiry and you may see high volatility.
Note: Trade cautiously, ask your financial advisor.