banknifty future analysis for 18 may 2016

banknifty future analysis for 18 may 2016 Banknifty future today closed at 16798. Today we saw high up to 16942. From yesterday 150 points gains in buy call!!     For tomorrow 18 may 2016, banknifty future outlook remain bearish. Today high will be major intraday resistance. On downside 16620-16550 and then 16400 are ladder wise intraday tgts.     Future traders keep stop loss above 16955 for downside tgts. Option traders watch banknifty 16500 put options for intraday big move.

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Pramod Baviskar

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