BANKNIFTY future today closed at 17870 with 113 points loss.
2% open interest addition suggest fresh short addition.
BANK nifty 18000 call options writing is seen.
banknifty 1 week channel trend is up and
banknifty 1 month price channel trend is up.
RSI is around 63 with buy signal.
bank nifty intraday support will be 17730 and 17600 while
bank nifty intraday resistance will be 17900 and 17960.
for tomorrow, future traders can buy bank nifty
around 17700 zone with stop loss
for target 17900 to 17960 target zones.
option traders can use bank nifty 18000 call options
for buying and accumulation on correction.