MTECHTIPS BANKNIFTY FUT intraday trading analysis 27-10-2015
MTECHTIPS banknifty future today closed at 17810 with 125 points loss. 8% open interest cut suggest near expiry profit booking.banknifty 18000 call options writing is seen. bankNifty 1 week channel trend is up. bankNifty 1 month price channel trend is up. RSI is near 62 with buy signal. banknifty intraday support will be 17750 and 17680. banknifty intraday resistance will be 17910 and 18050. banknifty future traders can buy banknifty around 17680 zone
with stop los for target 17910 and then 18050. banknifty option traders can use banknifty 17600 call options for buying on decline with stop loss.