MTECHTIPS BANKNIFTY FUT intraday trading analysis 16-03-2016

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MTECHTIPS BANKNIFTY FUT intraday trading analysis 16-03-2016

MTECHTIPS Banknifty future today closed at 15330 with gain. Banknifty future price trend and momentum both are strong bullish. Above 15310 this index future will remain bullish and buy. On upside my bank nifty future swing target is at 16550. While in short term expect 15450 and 15640 as target zones. Trend will falter if gives closing below 15200 with strong volumes. In between, 15300 to 16550 there are multiple resistances so expect slow and steady rally with intermittent corrections. Future traders above 15310 keep long view with strict stop loss. Option traders can use far month 16500 call options for buying and accumulation.

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• MTECHTIPS NIFTY FUT intraday trading analysis 16-03-2016
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