BankniftyFuture last close: 22506.60 (+0.8%)
On yesterday BankniftyFuture was seen huge volatility
Index was opened at 22485 then fell 22300 again went up to 22725 but not sustained and fell made a low was 22253………. Finally closed around 22500. Ooops!!
Bank index fell almost 3000 points from last week Monday’s high to so far but till there is no short covering
Yesterday index climbed little bit higher…….. but is it continued today ??
SGXNifty indicate a negative opening and followed by bank index will be opening negatively
Today BankniftyFuture is facing a intraday resistance at 22560, 22640 and 22775
If crossover 22775 and manages above the level…….. Expecting more strength up to 23000
Today BNF can be considered as supports as 22420, 22350 and 22250
Below 22250……….. Finding a next supports around 22000
Don’t short at very lower levels!!
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Updated: 08.22 am / 11th Sept 2020
