Bank Nifty November expiry future today closed at 19615 with gain. In intraday we saw lower level up to 19300 but strong recovery at end closed index future in green. Bank Nifty closed near day high which is bullish sign and also reversal sign. For tomorrow, Bank nifty future outlook is bullish and strategy remain buy on dips. support zones are 19400 and 19250 and these are fresh long entry zones. BANK Nifty future intraday resistances are 19700 and 19830 as well as target zones. Swing traders watch 19670 resistance for bullish trend breakout.
Free Bank nifty future trading tips for 28th October, 2016
Bank Nifty future traders can buy banknifty November expiry future around 19300-19400 with stoploss below 19200 for targets 19700 and then 19830. Positional traders keep buy on dips view for targets 19670 and 20300.
Free Bank nifty option trading tips for 28th October 2016
Bank Nifty option traders can buy Bank nifty 20000 call options of November expiry around 100-120 zone with stoploss below 50 for targets 250-300 in intraday. Positional traders can use nifty 20000CE November as buy on dips for big gains in medium terms.