BankniftyFuture last close: 23920.95
BankniftyFuture was seen volatility on yesterday’s trade
BNF opened at 23855 and dropped up to 23500 again shot up to 23974
SC will resume hearing the case of Bank moratorium at 2 pm on September 3
Option premium seems too high hence the volatility will be continued
Kotakbank, Axisbank, and SBIN closed at marginally negative
Hdfcbank, Icicibank, Indusindbank closed 0.5% to 2% higher levels
Today BankniftyFuture likely to open around 100-150 points positive note and likely to witness volatility will be continued
Today BNF is facing a intraday resistance at 24050 and 24200
If crossover 24200 and holds above the level will try to move 24400
But…..Stay caution at higher levels!!
Today BNF considering a supports 23870, 23780 and 23630
If stays below 23630…………. Will try to check next supports 23500-23330
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.17 am / 03rd Sept 2020
