bank nifty F&O tips for 7 oct 2015

BANK nifty oct future today closed at 17675 with 47 points loss.
1% open interest cut suggest profit booking.,
BANK nifty 18000 call options writing is seen.
banknifty 1 week channel trend is up and
banknifty  1 month price channel trend is up
RSI is around 58 with bullish divergence.
for tomorrow, bank nifty intraday support will be 17385 and 17300
on upside bank nifty intraday resistance will be 17640 and 17750
for tomorrow, future traders keep buy and accumulate
near support strategy for targets 17640
and then 17750 in short terms.
option traders can use bank nifty 17500 call options
for buying and accumulation on correction.

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Pramod Baviskar

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