bank nifty future tips for 1 jan 2013

bank nifty future tips and outlook for tomorrow

banknifty intraday chart

 

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.

Updated: February 25, 2014 — 6:39 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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