BANK NIFTY F&O report for 21 October 2016

BANK NIFTY F&O report for 21 October 2016 Bank nifty future today closed at 19676 with gain. Bank nifty future, as expected, continue its recovery rally and achieved 19670 targets. From here expect every upside will be fueled by sharp short coverings.   For tomorrow, watch 19670 level if sustain above it means bank nifty future entered into the bullish trend for swing target 20300. For intraday, bank nifty future support zones are 19500 and 19350 while on upside 19750 and 19900 are resistance levels.   Bank nifty future traders keep buy at support strategy with stop loss and expect upside targets 19750 and 19900 as target zones. On the breakout, swing traders can take a long position for target 20300 which can be expected in 1-2 weeks period. Banknifty option traders use 19500 call options of this expiry or 19900 call options of next expiry as a buy on the decline with stop loss for intraday gains. For bank nifty future tips on WhatsApp with live 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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