MTECHTIPS BANKNIFTY FUT intraday trading analysis 06-06-2016

MTECHTIPS BANKNIFTY FUT intraday trading analysis 06-06-2016

MTECHTIPS Banknifty future this week closed with gain. This was second weekly gains for this index future. In last2 weeks banknifty rallied by almost 1500 points from lows. For next week, my banknifty future outlook is bearish and banknifty before moving forward might take a dip. Banknifty next week support zones are 17440 and then 17180 while on upside 18100 and then 18360 are strong resistance zones. Future traders can keep sell on rise view for targets 17400 to 17200. Option traders can use banknifty 17500 put options as buy on dips.
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