BANKNIFTY December view-remain sell for target 25000 and then 24400

BANKNIFTY F&O outlook for month of dec. 2017


BANKNIFTY future in november closed at 25469 with gain. 

for month of december, BANKNIFTY future will remain weak and sell below 25600 for bearish sell targets 25000 and then possibly 24400.

for december, BANKNIFTY 25600 put options remain buy on dips with stop loss for big expiry target.

above BANKNIFTY, expect trend reversal and buy side targets of 26200 and 26800.

from long term view, BANKNIFTY future above 24600 remain super bullish for targets 28500-31800.


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Pramod Baviskar

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