BankniftyFuture last close: 21571.30 (+1.2%)
BankniftyFuture was consolidated up to 2 pm on yesterday’s trade
In last 1 hour, BNF was spiked from 21300 to 21647 and finally ended at 21571
All front line stocks helped to bank index up trend. Kotakbank and Indusindbank gained 2.5% to 3%
Axisbank added 1.75% and HDFCBank gained 0.90%. Icicibank ended at flattish note
SGXNifty indicate a positive opening, hence Banknifty index also will open at positive note
Today BankniftyFuture is facing a intraday resistance at 21685 and 21750
If crossover 21750 and manages above the level, Finding a next resistance at 21950 and 22200
Today BNF can be considered as supports as 21510 and 21400
Below 21400, Next supports around 21230, and 21000
Chart indicate a very strong support around 20800-20900….. So don’t short at lower levels until 20800.
More live market update will be sent to my clients only
Updated : 08.28 am / 17th July 2020
