banknifty future today closed at 17443 with 400 points loss.
20% open interest cut suggest near expiry profit booking.
banknifty 17500 put options writing is seen.
bankNifty 1 week channel trend is flat.
bankNifty 1 month price channel trend is up.
RSI is near 57 with sell signal.
banknifty intraday support will be 17200 and 17000.
banknifty intraday resistance will be 17400 and 17680.
banknifty future intraday call will be
stay short for target 17200 to 17k.
banknifty option intraday call will be
buy 17500 put options with strict stop loss.