BankniftyFuture last close : 28885.15
What a volatile day!!! Witnessed wild swings during the day
Bankniftyfuture (BNF) has opened at 29355, went up to 29648 then melted and made a low was 28600. Almost 1300 points swings!! Ooops!!
PSU Banknifty fell 4.5% lower level and heavyweights SBI down by 5%
Today BankniftyFuture is facing a intraday resistance at 29060 and 29200
If crossover 29200 and holds above 15 minutes……… Then will try to move 29450-29600
Stay caution at higher levels……….!!
Today BNF can be considered as supports as 28700 and 28550
Below 28550……….Finding a next supports 28300
Don’t short at very lower levels!!
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Last close : 287.40
SBI Card IPO no response on first day and SBIN stock slide 5.1%
Stock broken strong support 295 and closes below the level
If rise can sell likes 292-295
Down side supports 282 and 278
Updated : 07.57 AM / 03rd March 2020