Bankniftyfuture last close: 23743 (-3.2%)
As expected BankniftyFuture has opened at gap up 24900 then went up to 25270
I did mention BNF resistance at 25350………index came near by resistance zone.
But……….After 9.30 am……….was seen huge selling pressure. You know anyone didn’t expect that much of fall……….BNF made a low of 23371.
Seen huge volatility in both index and VIX index climbed 30%
BNF dropped 2000 points from intraday high to low
In last 30 minutes index recovered almost 500 points
Do you know? Friday I have recommended BTST BNF at 24350 and 24200CE at 450
Both positions booked profit at opening bell………… Booked amazing profits!!
All bank stocks declined except hdfcbank closed marginal high
Icicibank fell 3.6%, Axisbank dropped 2.45%, Sbin declined 5.7%, Kotakbank fell 4.5% and Indusindbank slipped 5.4%
Today also expecting huge volatile ahead of AGR Verdict……. Take care.
Today Bankniftyfuture is facing a intraday resistance at 23900, 24100 and 24350
After AGR verdict…….. If stays above 24350……….expecting some rally up to 24600
But……….Don’t trade aggressively
Today BNF can be considered as supports as 23500, 23370 and 23200
Below 23200……….. Finding a next support around 22800-22900
More live market update will be sent to my clients only
Updated: 08.29 am / 01st Sept 2020
