Bank nifty dec expiry future today closed at 12375 with gains of 105 points or bank nifty with gap up opening continues it bull run and hit high nearly 12400.while today bank nifty dec future low was nifty today closed at 12281 and for current month there is almost 95 point premium.on open interest side 3.4% build up seen. on bank nifty as like nifty future we are still bearish and holding shorts.on upside 11450 remain strong resistance on chart and as stoploss level also.if weekly closing comes above 12450 and then bank nifty future is open for 13000 to 13500 level. on chart trend and momentum both strong nifty future continually holding very short term support which signals strength of market. but indicators still in overbought zones and that might trigger profit booking here. on downside 12290 is first support and then 12050.still expecting 11800 and below if not closed above 12450.

Bank nifty future
follow sell on rise strategy here and keep strict stoploss above 12450
on downside 12050-11800 are positional targets.
option traders can buy 120000pe on decline with same stoploss.



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