Banknifty trend and momentum both are bearish and fresh breakdown seen today. On downside 16650 is now immediate support below it expect downside target at 16250.
For tomorrow, for intraday bank nifty support are 16670 and 16550. On upside 16850 and 1895 are resistances as well as short entry zones with stop loss.
Option traders use bank nifty 17000 put options to buy and accumulate.
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