banknifty future 16800-16900 strong supply zone

banknifty future 16800-16900 strong supply zone

Banknifty future today closed at 16727 with loss.

 

On upside 16800 to 16900 is strong supply zone and this index future is facing strong resistance around those levels.

 

On downside 16600 and 16450 are support as well as target levels for intraday.

 

Option traders can buy banknifty ITM put options with SL above 16900.

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