banknifty future today closed at 16970 with 105 points gain.
1.5% open interest cut suggest short covering on muhurat trading.
banknifty 17500 call options writing is seen.
banknifty short term trend and momentum both
are bearish and in my view banknifty forming bottom.
banknifty intraday support will be 16935 and 16860.
banknifty intraday resistance will be 17150 and 17330.
banknifty as expected given reversal
and now expect follow up buying in upcoming sessions.
free banknifty future intraday call will be
buy near support zones for better risk reward ratio with stop loss.
free banknifty option intraday call will be buy 17000
call options on decline with stop loss.