banknifty future today closed at 17703 with 130 points loss.
6% open interest cut suggest profit booking.
banknifty 18000 call options writing is seen.
bankNifty 1 week channel trend is up.
bankNifty 1 month price channel trend is up.
RSI is near 52 with sell signal.
banknifty intraday support will be 17625 and 17550.
banknifty intraday resistance will be 17880 and 18060.
banknifty future traders can
sell banknifty around 17880 zone
with stop los for target 17625 and then 17550.
banknifty option traders can use banknifty 18000 put options
for buying and accumulation for intraday with stop loss.