BankniftyFuture last close: 21691.50
Bankniftyfuture was seen volatility trade on Friday. But closed in marginal gain
Many front line bank stocks seen under performing hence bank index looks weak
On 06th August (coming Thursday) RBI will declaring interest rates until banknifty index will trade range between 21000 to 22500
Today BankniftyFuture is facing a intraday resistance at 21800 and 21940
Once if breaks and manages above 21940 then will move up to 22100-22200
But, Stay caution at higher levels………. There is no strength at higher levels in last 8 sessions
BNF considering a support at 21600, 21530 and 21400
Below 21400 and holds below the level………. Then will try check next support around 21200
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.24 am / 03rd Aug 2020
