Bank Nifty future and options outlook for 18th November 2016
Bank nifty future today closed at 19213. Today we saw low near 19015 and told you that bank nifty will take support around 18800-19000 zone.
Banknifty future below 19460 remain bearish but technical pattern suggesting building base after correction. On downside 18800 and 19000 is strong support area and remain buying opportunity.
For tomorrow, banknifty future support zones are 19050 and 19900 and fresh buying levels. Bank nifty future on upside resistances are 19400 and 19550. Option traders can use next month bank nifty 19500 and 19800 call options as buy on dips for big gain.
Positional future traders use 18800-19000 zone to buy and accumulate with stop loss and keep their targets at 19460 and then 20050.