BankNifty future technical forecast 10 may 2016 Banknifty future today closed at 16780 with gain of 400 points. Banknifty future with breakout above 16500 given strong short covering rally and heading towards 16900 and 17000 levels. Banknifty medium term outlook still bearish and use these rallies to go short. On downside 16500 and then 15900 are tgt zones for May series. Banknifty future for tomorrow 10 may 2016, has intraday support zones around 16550 and 16300. On upside 16870 and 17000 are resistance levels. Option traders can use banknifty 17000 put options to buy and accumulate with expiry view.