Banknifty future on 4th may 2016 closed at 16356 with loss of 110 points. Intraday low was at 16333. Below 16500 banknifty given 170 points gains in short call. Heading towards my tgt 15900. Banknifty 16500 put options given smart gains today. For 5th may 2016, banknifty future intraday support levels or tgts are 16225 and 15900. On upside 16425 and 16600 are resistances and fresh short entry points for traders.