01st Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 21464.25

What a volatile day on yesterday

BankniftyFuture was opened 21423 then fell up to 21141 again shot up 21580

Almost 3-5 times BNF was moved from 21250 to 21550 to 21300 to 21580 to 21300

Hdfcbank did well on yesterday’s trade

Indusindbank fell 1.65%, Axisbank and Icicibank fell around 0.5%

SBIN closed at marginal higher

SGXNifty indicate a gap up opening and bank index also followed gap up

Today BankniftyFuture is facing a intraday resistance around 21680 and 21850

If crossover 21850 and holds above the level, Expecting further rally up to 22000-22150

Today BankniftyFuture is considering a supports around 21440, 21330 and 21100

Don’t short at lower levels

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Updated: 08.32 am / 01st Oct 2020