MTECHTIPS BANKNIFTY FUT intraday trading analysis 02-06-2016

MTECHTIPS BANKNIFTY FUT intraday trading analysis 02-06-2016

MTECHTIPS Banknifty future today closed at 17452 with loss. On chart, banknifty future monthly pivot support level is 17175 and currently banknifty is heading towards it. Above 17175, banknifty future for month of June remain bullish and buy on dips. On upside 18080 and then 18560 are monthly resistances as well as target zones. Weekly closing below 17175 means fresh downtrend and sell signal for banknifty for month of June 2016. Below 17175, banknifty will have monthly supports at 16700 and then 15800. These will be target levels on downtrend.
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