NIFTYBANK: Musch desired "IRR'A-tional

In recent times trades faced glitches on execution, many incurred heavy losses. the new platform by the regulators, Investor Risk Reduction Access (IRRA) platform to address technical glitches and outages is a welcome move. However, this is not available to the ALGO traders. This clearly helps the novice traders as well as classical traders, to reduce this risk. It is always the case of new risks emerging and there is no reason why there will no zero risk at any point of time. While we talk on IRR, the irrationality of the markets remains. Nifty bank is in its path to ATH. The only hurdle is tomorrow being the holiday. Will that stop the bulls from piercing to the ATH. The PSU back reverts to the bullish view all over, still does not appear to be a crowded space yet. It is more like, I missed it this space. Incoming FED meet, elevated Crude prices, and rising US Yields as well as the US Dollar are some of the concerns, but they are collectively not a consideration to change the trend. The question is will it be a vertical move up for ATH or will there be a correction before the climb. This space is known for the U turns at crucial areas, despite the underlying trend being continuation. This can potentially be true this time also. However, that is an opportunity to get the bags of bulls. 45800-46500 is the new range, out of the old range just two months back. Bias to the upside, basing around 46080-45880.