banknifty future today closed at 17209 with 250 points gain.
4% open interest addition suggest fresh short creation.
banknifty 17500 call options writing is seen.
banknifty short term trend and momentum both
are bearish but look like today move was strong reversal point.
banknifty intraday support will be 17150 and 16935.
banknifty intraday resistance will be 17330 and 17450.
banknifty hit low below 16900 but not sustained
and value buying as well as some short covering
set intraday rally for this index.
expect follow buying and some short covering ahead.
free banknifty future intraday call will be
buy on dips with stop loss for target 17330 to 17450.
free banknifty option intraday call will be
buy 17500 call options on decline with stop loss.