BankniftyFuture last close: 33276.80 (+8.5%)
What a mega rally on Budget day.
Anyone does not expect that much of rally
BankniftyFuture was opened at 31000 and sustained 31000 to 31500 before budget
After budget speech………..Flying up to 33485
Indusindbank, Icicibank climbed more than 12%, Hdfcbank, SBIN, Kotakbank and RBLBank rallied 6% to 10%
Index was closed above life time high!!
After Nifty rally…………. Now Bulls will continues to be dominate Banknifty
BankniftyFuture was closed with more than 300 points premium
Today BNF is facing a intraday resistance at 33500, 33730 and 34000
Thereafter will be try to move 34300+
BNF can be considered as supports as 33100, 32800 and 32570
Suppose if comes above supports can buy…………. Don’t think to short at lower levels!!
More live market update will be sent to my clients only
INDUSINDBANK gained 14.7%
But, Still the stock was down 50% from life time high (around 2000)
However, If any declines can buy and hold Targets 1005 and 1030+
Supports 960 and 940
Updated: 08.34 am / 02nd Feb 2021
