MTECHTIPS BANKNIFTY FUT intraday trading analysis 13-05-2016

MTECHTIPS BANKNIFTY FUT intraday trading analysis 13-05-2016
MTECHTIPS Banknifty future today closed at 17019 with gain of 233 points. In intraday we saw sharp selling bout and 150 points profit. Outlook still bearish and strategy remain sell on rise. In intraday 17k put option given sharp spike!! For tomorrow, banknifty future intraday resistance levels are 17100 and 17220 while on downside 16850 and 16580 are support zones.Keep sell on rise view with sl. Watch banknifty 17000 put options for intraday big move while swing traders can buy and accumulate with expiry view.
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