bank nifty future tips and outlook for tomorrow
banknifty intraday chart
banknifty chart technical analysis
banknifty jan expiry future today closed at 12727 with gains of 124 points or almost 1% gains in intraday.today bank nifty future with gap up opening hit low of 12515 on profit booking pressure but last minute short covering+value buying set rally and bank nifty hit high of 12729 and closed near high.we seen 7%+ drop in open interest on account of heavy short covering.bank nifty spot closed at 12635.there is almost 100 points premium in bank nifty for now which suggest heavy long build ups in this index.
for tomorrow bank nifty intraday trend and momentum remain bullish.bank nifty once again heading towards previous highs of 12972.for tomorrow above 12660 stay long for intraday as well as positionally for revised targets of 13100 and then 13450.
option traders now look at 13000 or even 13500 call option of feb expiry on decline.
free bank nifty future tips for tomorrow (premarket view)
stay long and above 12660 follow buy on dips
with stoploss just below 12660 and
expect 12900-13000 level in intraday
option traders buy bank nifty 13000ce feb on decline with stoploss.