Bankniftyfuture last close: 22174.55 (-1.2%)
BankniftyFuture was seen huge selling pressure on yesterday’s trade
BNF was opened at 22625 and went up to 22664 then slowly melted and made a low of 22028. Finally settled at 22174.55
Do you know ? Yesterday I did mention in my blog BNF support at 22000
All front line bank stocks seen selling pressure
Hdfcbank fell 2.25%, Icicibank lost 1.8%, Kotakbank and SBIN fell 1.5%. Axisbank ended at marginal high 0.1%
Something cooking in HDFCBank in last few sessions. Stock fell 50 rupees from recent high
As per global cues and SGXNifty indicates in negative opening, Hence the Bank index also will open negative.
Technical chart shows, Banknifty index formed bearish candle and trend line also broken.
Today BNF can be considered as supports as 22000, 21820 and 21700
Once if breaks and consolidate below 21700, Expecting further weakness up to 21500
Today BNF is facing a intraday resistance at 22275, 22360 and 22550
Once if rise can sell likes resistance zone!!
More live market update will be sent to my clients only
Updated: 08.26 AM / 14th July 2020
