Cup & Handle Breakout in Bank Nifty

I see a Cup & Handle breakout in Bank Nifty. A benign MPC statement and status quo on the rate front has given a fresh fillip to the Bulls.

With Nifty and now Bank Nifty both near ATHs, its seems like its going to be RISK ON in the markets and 23000 on Nifty and 50000 on Bank Nifty is but a formality.