banknifty future down by 350 points cheers !!

 

banknifty future down by 350 points cheers !!

Banknifty future today closed at 16765 with loss of 195 points.

 

From top we saw 350 points drop in May futures. My banknifty short call minted jackpot profit!!

 

For tomorrow, 16700 and 16550 are support zones as well as reversal points for this index future.

 

On upside 16930 and 17100 are resistances as well as tgt zones.

 

Risky traders can keep buy below support strategy with SL for tgt 16930 and above.

 

Option traders use 16500 call options to buy on decline with SL.

 

 

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