banknifty future technical outlook for 7 april 2016

baknifty future technical outlook for 7 april 2016 Banknifty future on 6th April 6, 2016 closed at 15730 with loss of 3 points. Banknifty future major support level is 15500.     Above it swing traders can follow buy and accumulate view for targets 16900 and 17700. For tomorrow 7 April 2016, banknifty future intraday support levels is 15555 and for intraday long positions stop loss should be below this level.     On upside 15900 and 16050 are resistance levels as well as target zones. Option traders can buy 15500 call options on decline with strict stop loss.

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Pramod Baviskar

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