Bank nifty F&O report for 20 October 2016

Bank nifty F&O report for 20 October 2016 Bank nifty future today closed at 19447 with the loss. Bank nifty after last session rally has seen some profit booking and testing downside support zones. Banknifty daily chart price trend and momentum both are down but this recovery phase has its minimum target at 19670. Above it, we will see bullish cycle for the bank nifty index. For tomorrow, bank nifty future support zones are 19300 and 19150 are support levels while on upside 19550 and 19670 will be resistance. A breakout above 19670 means swing target of 20300 for bank nifty future.   Bank nifty future traders for intraday keep buy at support strategy with stop loss for targets 19550 and 19670+. Options traders can buy and accumulate bank nifty 19600 call options of November expiry on the decline with stop loss.   Bank nifty future weekly chart suggesting bank nifty had taken support at 18800 and heading for medium to long term target of 20700+.For Bank nifty option tips on WhatsApp with support and follow-ups join our future tips service.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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