bank nifty future tips and outlook for tomorrow 

banknifty intraday chart

banknifty chart technical analysis

banknifty jan expiry today closed at 12570 with loss of 98 points or 0.77% pricewise.today bank nifty with gap up opening hit high near 12690 but as market slips we seen profit booking here and hit low of 12531.

our given downside target of 12560 achieved today as slips below 12660.today we seen total 160 points intraday volatility and bearish momentum.we seen fresh short accumulation with almost 4% build up in open interest.bank nifty spot closed at 12561.

on chart bank nifty short term trend is clearly on sell side.for tomorrow below 12600 stay short with stoploss at 12660 and expect 12400 and 12300 on downside on selling.if opens above 12600 and sustain then look forward as reversal sign and buy bank nifty future for intraday.

option traders below 12600 can buy put options for intraday purpose.

free bank nifty future tips for tomorrow (premarket view)

below 12600 stay on shorts side or hold shots with trailing stoploss

for downside targets of 12400 to 123000

option traders watch stay long in put options.