BankniftyFuture last close : 31418.30
BankniftyFuture has declined 1.1%…….. Saw a selling pressure on PSU Bank stocks
After BIRLA’s statement about Idea telecom will go to file bankruptcy if there is no relief from Govt. Major affected to bank stocks if Idea will file bankruptcy!!
Today BankniftyFuture is facing a intraday resistance at 31480 and 31600
Above two resistance are crucial……… suppose if crossover 31600 with volumes
Then will finding a next resistance at 31750……… But, Can go short at that level
Today BNF can be considered as supports as 31360 and 31240………
Thereafter will try to check 31080
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SBIN has melted 8% from recent high
Stock if rise likes 325-333 can sell
Down side supports 313 and 307
KOTAKBANK has shown strong strength
Stock if holds above 1684………… Looks more up side!!
Watch 1684
Updated : 08.35 AM / 09th Dec 2019
