BankniftyFuture last close: 25669.55 (+3%)
BankniftyFuture was climbed almost 1800 points in last two days
Bank index extremely well than Nifty
Banking stocks looks very hot especially Icicibank, Axisbank, Indusindbank and Kotakbank
HDFCBank didn’t given major contribution, suppose if given index will cross 26k
SBIN set to declare earnings report on today. Focus SBIN’s report
In last two days bank index has formed a strong bullish candle and rose 1800 points
However, Expecting huge volatility today and tomorrow…..Trade caution!!
Today BNF is facing a intraday resistance at 25770 and 25900
Once if breaks and manages above 25900……….. Finding a next support around 26100+
Today BNF can be considered as supports as 25550, 25475 and 25300
Below 25300 and holds below the level…………Expecting selling pressure up to 25000
Trade low quantity or better to stay away!!
More live market update will be sent to my clients only
Updated: 08.26 am / 04th Nov 2020
