BankniftyFuture last close: 23110.30 (-3.5%)
Day before yesterday BankniftyFuture was spiked from 23200 to 24023 in last 1 hrs
On yesterday BNF was slipped from 23900 to 23000.
Did not expect that much of movement in last two sessions
All bank stocks was fell significantly
Hdfcbank, Icicibank, Axisbank, Kotakbank, Sbin, and Indusindbank fell 3% to 4%
I recommended Banknifty 23800PE at 100 and PE shot up to 750
Today Bankniftyfuture is facing a intraday resistance at 23200, 23320 and 23500
Above resistance are crucial for today’s trade……… stay caution at higher levels
Today BNF considering a supports 23000, 22880 and 22770
Below 22770……….. Finding a next support around 22550
Don’t short at very lower levels!!
More live market update will be sent to my clients only
Updated: 08.40 am / 16th Oct 2020
