BANKNIFTY future today closed at 18827 with 54 points loss.
1% open interest cut suggest profit booking.
BANK nifty 18000 call options writing is seen.
banknifty 1 week channel trend is up and
banknifty 1 month price channel trend is up.
RSI is around 61 with sell signal.
bank nifty intraday support will be 17725 and 17600 while
bank nifty intraday resistance will be 17850 and 17970.
for tomorrow, future traders can sell bank nifty
around 17850 zone with stop loss
for target 17725 to 17600 target zones.
option traders can use bank nifty 18000 put options
for intraday trading.