Bank Nifty F&O analysis, levels and Free Trading tips for 2 November 2016
Bank nifty future last closed at 19528 with loss. Bank nifty future outlook is bullish butis facing strong supply from market around 19650-19700 zone. This might end up into breakdown and downtrend. For tomorrow, bank nifty future outlook is bearish and trading strategy will remain sell on rise. Bank nifty future intraday resistance zones as well as fresh short entry zones are 19680 and 19800. Bank nifty future intraday support zones as well as target zones are 19425 and 19330. Bank nifty future traders go short in bank nifty future if comes around 19680+ in intraday with stop loss for targets 19425 and 19330. Below 19460, bank nifty will turn bearish and expect swing shorts targets at 19000 and then 18500 in November series. Bank nifty option traders can buy bank nifty 19000 put options of November expiry around 150 to 170 zone with stop loss for targets 230 to 250 in intraday. Swing traders below 19460, can use bank nifty 19000PE as buy and accumulate for big gains. Bank nifty future below 19460 become sell for target 19000 and 18500 so positional future traders watch for breakdown signal and then enter into short trade.