01st Aug 2018 #Banknifty Future levels #RBIPolicy

Banknifty Future last close : 27811.65

Today BNF will be expected huge volatility ahead of RBI Interest rate decision

My Expectation : Maybe will be hike 25 bps (6.5% bps from 6.25%).

CRR (Cash Reserve Ratio) maybe unchanged.

Let’s see Today’s levels……….. BNF facing resistance 27835-27885

If crossover 27885 with volumes……….. Then will move further up side 27950 & 28100

Suppose after RBI decision…….. if stays below 27740……. Try to check 27670 & 27580

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Last close : 1995.15

INDUSINDBANK has broken trend line resistance and closes above the level

Stock once if breaks 2002 and holds above the level

Finding next resistance 2018 & 2030+. Considering support at 1984

Last close : 367.95

YESBANK something cooking around 370-374

Yes…….. Can go shorts above levels and Down side supports 363 & 358

Updated : 08.41 AM / 01st Aug 2018