Banknifty future achieved 20050 target next tgt 20500

Banknifty F&O outlook for 11 November 2016 Banknifty F&O outlook for 11 November 2016 Banknifty future today closed at 20275 with strong gains. Banknifty future with gap up opening extended its gains and uptrend and achieved first swing target of 20050.   Banknifty future is in uptrend and in strong buying momentum. Banknifty future outlook is positive and expect higher levels in short to medium terms. Banknifty future intraday support zones are 20100 and 19865 and fresh long entry zones. On upside 20350 and 20500 are target zone as well as intraday resistances.   Banknifty future closing above 20500 means upper bullish trend with sharp short covering rallies. Above 20500, banknifty upper bullish targets will be 21100 and 21550. Banknifty option traders can buy banknifty 20500 call options on decline with stop loss for big short term targets.   Positional future traders above 20050 keep buy and accumulate view for targets 20500 and above in short to medium terms.

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Pramod Baviskar

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