05th Dec 2019 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 32080.90

On Yesterday BNF made a low of 31511 and went up to 32125. Almost 625 points shot up……. Ahead of Today’s RBI Policy!!…….

ICICIBANK contributed BNF rally…… Stock up 4% at life time high.

Today………. BNF facing a intraday resistance 32200 and 32265

After Policy if holds above 32265……… Will try to check 32420+

BNF considering supports 31960 and 31900……… After policy if stays below 31900

Will try to check 31700………..

After 2.30 PM…… can buy same strike PE and CE…….. Maybe doubled with keep tight stop-loss

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ICICIBANK in last 50 days…….. Stock up almost 35%

Major contribution of bank index……..Short term will hit 600+

If decline to buy

HDFCBANK 1251.65

HDFCBANK something cooking in last 2 months…. trading range around 1200-1280

Maybe…… After ICICIBANK rally……. HDFCBANK will helped to bank index!!

Can buy at decline and hold for short term……….Target 1350+

Updated : 08.58 AM / 05th Dec 2019