banknifty future technical levels for 6th may 2016

 

banknifty future technical levels for 6th may 2016

Banknifty future on 5th may 2016 closed at 16396 with gain.

 

Today we saw banknifty faced strong resistance at 16450 and given reversal from that level.

 

For tomorrow 6th may 2016, banknifty future intraday support zones are 16300 and 16100 while on upside 16450 and 16700 are resistances.

 

Above 16450 trader can go long in banknifty future for tgts 16600 to 16700.

 

Above 16450, buy banknifty 16500 call option for intraday with stop loss.

 

 

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