BankniftyFuture last close: 23903.15 (+3.1%)
BankniftyFuture was outperformed in last 10 sessions
Index was climbed almost 3600 points from 25th Sept low to 09th Oct
On Friday, After RBI policy BNF rocked up to 23965 from 23500
HDFCBank was gained 22% from last 10 days
SBIN seems underperform in last 10 days
Icicibank, Axisbank, Kotakbank and Indusindbank was seen significant rally
SGXNifty indicate a positive opening for the index and followed by bank index also
Today BankniftyFuture is facing a intraday resistance at 24050, 24150 and 24350
Once if breaks and holds above 24350 expecting more rally up to 24550
Today BNF can be considered as supports as 23800, 23750 and 23600
Don’t short at very lower levels
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Updated: 08.35 am / 12th Oct 2020
