BankniftyFuture last close : 19671.95 (+2.2%)
BankNiftyFuture saw a sharp short covering from 18900 to 19819 almost 1000 points rally
After rallied in first 2 hrs, Seen huge swing trade between 19500-19800
ICICIBank, HDFCBank and Financial services stocks led the rally
Seen selling pressure in PSU bank.
Today BankniftyFuture is expected to opened at gap down likely 19400-19500
Likely to witness huge swing trade will be expected ahead of weekly expiry
Today BNF is facing a intraday resistance at 19740, 19870 and 20100
Above resistance is crucial for today’s trade. If rise can sell
Today BNF can be considered as supports as 19520, 19360 and 19150
If breaks and holds below 19150, Finding a next support around 18900
Chart indicating BNF considering very strong support around 18600
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Updated : 08.26 AM / 07th May 2020
