banknifty future technical analysis for 30 march 2016
Banknifty future today closed at 15712 with gain of 46 points. Outperformance seen in this index on strong buying and some short covering. Banknifty intraday low was at 15622 and high was at 15827. Total 200 points range and positive closing. For tomorrow,technical outlook is bullish and above 15535 support traders must follow buy on dips view. Targets are at 16200 and 16550. 16550 is swing traders target and for that stop loss is below 15300. traders can use banknifty 16200 or 16500 call options of April expiry. Trapped shorts will boost rally at the end, might be on expiry day!!