BankniftyFuture last close: 22603.30 (+1.7%)
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Last Thursday, Friday and Monday BankniftyFuture was under performed and Nifty performed well
Yesterday BNF was under performed up to 12 pm…… After noon index spiked up to 650 points.
Morning I given selling alert BNF at 22100 then exited at cost.
Icicibank gained 4%, Indusindbank added 6%, Axisbank spiked 3% and Bandhanbank gained 10% was most contributed stocks to Bank index climbed.
HDFCbank marginally higher
BNF has formed bullish candle and closes above the recent top
Today BankniftyFuture is facing a intraday resistance at 22730, 22800 and 22960
Once if breaks and holds above 22960…….. Expecting more rally up to 23200
Today BNF can be considering a supports 22540, 22480 and 22400
If breaks and manages below 22400…….. Finding a next support around 22230 and 22000
Every decline can buy with a stop of supports
More live market update will be sent to my clients only
Updated : 08.29 AM / 08th July 2020
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