BankniftyFuture last close: 29542.20
On yesterday BankniftyFuture was consolidated around 29475 to 29600
BNF was opened at 29543 and went up to 29890 then slide and made a low of 29436
HDFCBANK not well after RBI restricted issuing new credit cards and launching digital applications
PSU bank did very well on yesterday
Axisbank was struggled around 610-620 as well as Icicibank 480-490
Today all eyes on the outcome of the MPC (Monetary Policy Committee) meeting on Dec 4
I am expecting RBI could keep rates but may increase growth forecast for the upcoming months
Today BankniftyFuture is facing a intraday resistance at 29625, 29700 and 29900
Above 2nd and 3rd resistance are crucial for today’s trade
Suppose if crossover 29900 and manages above the level…….. Then will try to check recent swing high 30200
Today BNF considering a supports as 29420 and 29300
Below 29300……………. Finding a next support at 29050
More live market update will be sent to my clients only
Updated: 08.46 am / 04th Nov 2020
