04th April 2019 #Banknifty Future Intraday Levels

Banknifty Future last close : 30330.90

RBI to announce MPC decision today, Rate cut on cards!!

The RBI policy will be key as 25 basis point rate cut is already priced in with future guidance being keenly watched. Already discounted the rate cut scope.

Today BNF is facing a intraday resistance at 30450-30600

Above Two levels are very hurdle for today’s trade!! Suppose…

If breaks and holds above 30600 after policy…….. Will try to move 30850

Today BNF can be considered as supports as 30200-30040

Thereafter will try to check 29800…..!!

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Updated : 08.50 AM / 04th April 2019