BankniftyFuture last close: 36013.80 (+1%)
BankniftyFuture surged 1% on Feb 8 but fell almost 500 points from day’s high
BNF was opened gap up at 36140 and went to 36503 then slipped up to 35860 and settled at 36013
BNF was struggled 36500-36600 past two days
Kotakbank slipped more than 50 points from day’s high and seen profit booking
Hdfcbank, Axisbank, Icicibank and SBIN did well and sustained
Banknifty option premium was too high means expecting more volatile in coming days
On yesterday BankniftyFuture was slipped 500 points from day’s high and was seen profit booking at higher levels but still showing bullish candle
However once if short covering comes in front line banks like Icicibank, Sbin, Axis, Indus and Hdfcbank BNF will shot up to 37K
BNF is facing a intraday resistance 36200 and 36360. Once if breaks and manages above the level…….. Will try to move 36550-36650.
On another hand BNF considering a supports 35900, 35750 and 35500
Two days support at 35500…………. Watch it!!
More live market update will be sent to my clients only
SBIN after the strong earnings report stock sustains around 400
Buy on declines and support at 385, resistance 408
Watch above levels!!
Kotakbank yesterday did false breakout and suddenly seen selling pressure
After the Budget stock was rallied from 1700 to 2020. Now looks tired
Technically, Stock formed a bearish candle and if rise sell until 2025
Supports 1930 and 1900
Updated: 08.24 am / 09th Feb 2021