NSE:BANKNIFTY major support is 41700 below 41700 market will be good bearish
Nifty may be below 18300 in this week of january so can be short the calls above 18300 and can make bearish spread by using calls of above 18300
its is a best indicator to analyses of parallel channels you can use it with support and resistance it will works best with 50,75,100,125 and 200 periods or you can use periods according to your preferance
