bank nifty future tips and outlook for tomorrow
banknifty intraday chart
banknifty chart technical analysis
banknifty jan expiry future today closed at 12829 with gains of 33 points or 0.25%.today bank nifty after opening gap down hit lows near 12718 while in last hour short covering rally pushed prices to 12838 and last closing came near day high.today bank nifty given 120 points volatility and 2% drop in open interest on short covering.bank nifty spot closed at 12725.
for tomorrow bank nifty trend and momentum both bullish for intraday.so strategy will be buy on dips till bank nifty future hold 12665 support.on upside intraday resistance levels are 12910 and 13100 while on downside supports now moved to 12780 and 12720.
fresh buying zone is 12670-12720 only as risk reward is favorable at that level.
if bank nifty slips below 12665 on closing basis then must exit from all longs and take short view.for tomorrow intraday option traders can buy bank nifty 12800ce for intraday on decline.
free bank nifty future tips for tomorrow (premarket view)
stay long and fresh buy near supports only for targets of 12910 and then 13100.
on downside if slips below 12665 support then go short
option traders can buy bank nifty 12800ce on decline for intraday.