BankniftyFuture last close: 31326.55
BankniftyFuture was closed almost flat after the volatile trade on yesterday
BNF slipped from 31500 to 30930 within 10-15 minutes then bounced-back up to 31400 levels
I have recommended buying alert 31100-31150 and achieved my intraday target 31400
Do you know ? Yesterday I did mention in pre-market report “BNF support at 30950”
Hdfcbank, Axisbank, Sbin sustained and not seen significant movement
Kotakbank was seen profit booking and stock fell more than 1%
SGXNifty indicate a gap down opening for the index and bank index also followed to be opened 200-300 points down side
Today BankniftyFuture is facing a intraday resistance at 31380, 31450 and 31570
If crossover 31570……… then will show strength up to 31800+
But…….. Stay caution at higher levels!!
Today BNF considering a supports 31200, 31140 and 30950
Below 30950………… and manages below the level……….. Will try to check 30750
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.44 am / 05th Jan 2021
