banknifty chart technical analysis
banknifty jan expiry future today closed at 12576 with gains of 9 points or 0.07%.today bank nifty jan future with gap down opening hit low at 12530 while high was 12615.total 85 points narrow range and 1% open interest build up on buying.bank nifty spot closed at 12474.
here from short term view still holding bearish view.last 2 session we seen very narrow range on low volume and lack of participation on holidays.on intraday chart trading above supports but momentum is bearish.
traders must use 12600-12650 jan future range for selling with stoploss above 12700 and expect 12400 and below level in this week.
day traders go short below 12540 only for target of 50-100 points.
on option side traders can buy bank nifty 12500pe on decline for big upside gains.
free bank nifty future tips for tomorrow (premarket view)
sell bank nifty jan expiry future in between 12600 to 12650
keep stoploss just above 12700 and expect 12400 and below
option traders can buy bank nifty 12500pe jan on decline.