Bank nifty F&O predictions for 23 November 2016
Bank nifty future today closed at 18600 with gain. We saw low of 18300 but that was buying opportunity and in late hour’s banknifty future given smart covering rally and closed near day high. Below 18400 banknifty future will be oversold and remain buy and accumulate with medium term view. In short term expect high volatility and not so easy trading. On upside my bank nifty future targets are 19000 and 19460+.
Bank nifty future traders use sub 18400 levels to buy and accumulate in December expiry future with stop loss and keep target at 19000 and then 19460. Bank nifty option traders follow next or far month bank nifty 19500 call options buy on decline strategy.
Investors, above 18800 watch for big rally and keep target st 20800+.