MTECHTIPS BANKNIFTY FUT intraday trading analysis 16-10-2015

MTECHTIPS BANKNIFTY FUT intraday trading analysis 16-10-2015
MTECHTIPS bank nifty this week closed at 16995 with loss. this was second weekly loss for index. bank Nifty index on weekly chart, in fresh bearish move and might test 16500-16100 zone. banknifty weekly support will be 16700 and 16450. banknifty weekly resistance will be 17100 and 17450. banknifty future weekly trading call will be hold shorts with trailing stop loss for targets 16700 and then 16450 in next week. banknifty option weekly trading call will be hold banknifty 17500 put options with trailing stop loss for big gains in next week. medium to long term investors can follow buy and accumulate view for top bank stocks as well as undervalued bank stocks.
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