MTECHTIPS BANKNIFTY FUT intraday trading analysis 07-10-2015
MTECHTIPS BANK nifty oct future today closed at 17675 with 47 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 58 with bullish divergence. for tomorrow, bank nifty intraday support will be 17385 and 17300 on upside bank nifty intraday resistance will be 17640 and 17750 for tomorrow, future traders keep buy and accumulate near support strategy for targets 17640 and then 17750 in short terms. option traders can use bank nifty 17500 call options for buying and accumulation on correction.