banknifty june future outlook for 31 may 2016

banknifty june future outlook for 31 may 2016 Banknifty June expiry future today closed at 17500 with loss. On daily chart, banknifty future price trend and momentum both are strong bullish.   For tomorrow, banknifty future above 17480 remain buy. On downside 17480 and 17350 are intraday support levels. On upside 17700 and 17900 are resistances. Banknifty this fresh move has its target around 18100.   Future traders for intraday keep buy at support strategy for banknifty future with strict stop loss.   Option traders follow buy on dips strategy for banknifty 17700 call options for intraday.

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Pramod Baviskar

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