Expiry Day for Feb series…..Technical Analysis for BankNifty Future

Standard

BankNiftyFuture closed at 20857 on Wednesday 22nd February 2017.

Being February contracts Expiry Day…Heavy Volatility can be expected

BankNifty Future in Shortterm Bullish Trend………

Strategy for Expiry day is to ……..

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Buy on Dips to 20741 with stoploss of Major Support @ 20668…..(Feb series)

(Day Traders  can exit at target of 20975 & positional traders can rollover to March series)

OR

Sell on Rise to Intraday Hurdle of 20975 with Stoploss of Shorterm Hurdle @ 21048…(feb Series)

(Intradaytraders should exit @ target of 20741)

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