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bank nifty future tips for 20 nov 2012

bank nifty future tips and outlook for tomorrow 

banknifty intraday chart

bank Nifty future 30 min candlestick chart

banknifty chart technical analysis

bank nifty nov expiry future today closed at 11372 with gains of 13 points or +0.11%.today bank nifty with positive opening hit high of 11399 while today day low point was 11288.so total 111 points volatility in intraday with almost 3% drop in open interest.technically bounce back is going on , on account of short covering/profit booking in short positions.

for tomorrow trend and momentum both down but today consolidation zone of 11330-11360 will remain support and new short must be opened below this only while as closed above that so hold longs for next 50-80 points bounce back.

for option traders buy on decline in bank nifty 11300 call option is suggested.or buy bank nifty 11300 pe if opens below 11330!!

 

free bank nifty future tips for tomorrow (premarket view)

11330-11360 is intraday support zone if open below this

go short while above that mood remain on short covering side!!

 

Bank nifty tips

 

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