BankniftyFuture last close : 19617 (+4.10%)
BankniftyFuture was opened gap up and sustained above 19600 mark and Gained 4.1%
Icicibank was major contributed for lifting Bank index
Kotakbank result was inline with expectation but could not move
Bandhanbank, Rblbank, Icicibank and Aubank beneficiary stocks for NBFC fund allocation
BankniftyFurure is expected to open at gap down and expecting volatile trade during day
One thing is clear in last 8 sessions, There is no strength at higher level if comes higher level seen huge selling pressure.
Today BNF considering a intraday supports 19540 and 19400
If breaks and holds below the level 19400, Finding a next supports 19180 and 18900
Today’s BNF is facing a intraday resistance at 19650-19850. If rise can sell
Don’t think to buy at higher levels!!
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Updated : 08.42 AM / 14th May 2020
