BankniftyFuture last close: 25795
BankniftyFuture was seen huge volatility on yesterday’s trade
Index was opened at 25588 went to 25800 then fell up to 25100 again bounced-back up to 25913. Finally closed at 25795
Almost 1400 points volatility was seen
Kotakbank and Indusindbank did very well
SBIN earnings report inline with expectation and not bad
SGXNifty indicate a gap up opening and followed by bank index will open above 26000
Today BankniftyFuture is facing a intraday resistance at 25950-26100
If breaks and manages above 26100……… Finding a next resistance around 26250 and 26500
On Monday Banknifty low was 24100 and yesterday high was 25900. In last three sessions index gained 1800 points and expecting huge short covering!!
Today BNF can be considered as supports as 25700, 25575 and 25300
Buy on declines!!
More live market update will be sent to my clients only
SBIN if sustains above 205
Favored for bulls and rally will be expected up to 212 and 216
Supports 200 and 196
Updated: 08.34 am / 05th Nov 2020
