BANKNIFTY future today closed at 17599 with 25 points loss.
1% open interest cut suggest profit booking.
BANK nifty 18000 call options writing is seen.
banknifty 1 week channel trend is down and
banknifty 1 month price channel trend is up.
RSI is around 56 and flat.
bank nifty intraday support will be 17450 and 17230 while
bank nifty intraday resistance will be 17610 and 17650.
for tomorrow, future traders can sell bank nifty
around 17650 zone with stop loss
for target 17450 to 17230 target zones.
option traders can use bank nifty 17500 put options
for buying and accumulation on correction.