Banknifty Future last close : 31640.60
Highly volatile will be expected ahead of RBI Policy
Expecting rate cut 25 bps already index has climbed!!
Suppose if cut 50 bps more positive for market!!
If unchanged………. expecting selling pressure and will see profit booking!!
Today BNF is facing a intraday resistance at 31730-31880
After policy if crossover 31880, will try to move 32100
BNF can be considered as supports as 31570 and 31500
After policy if breaks and holds below 31500, Will see more selling pressure up to 31380, 31200 and 30000
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Updated : 08.58 AM / 06th June 2019
