Bank Nifty future weekly forecast for 20 to 24 June 2016
Banknifty future this week closed at 17690 with loss. This was first weekly loss for banknifty future after last 3 weeks gain, banknifty seen some profit booking. For next week, banknifty future outlook remain bearish and downside targets of 17500 and then 15200. On upside banknifty resistances are 17900 and 18100. Future traders below 17900 level keep bearish or sell on rise strategy for banknifty future and expect targets 17500 and 17200. Weekly closing below 17200 means fresh downtrend signal for banknifty.
Option traders can use banknifty 17500 as well as 17200 put options as buy and accumulate for next week.
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