BankniftyFuture last close: 32314.05
BankniftyFuture was seen selling pressure on Jan 15
BNF was opened 32600 then slipped up to 32105 and closed at 32314
Kotakbank, Icicibank, Axisbank and Sbin visible selling pressure
On Saturday HDFCBank reports strong earnings. Hence, focus on Hdfcbank
High weightage stock Hdfcbank if moves higher and bank index will recover
Option premium closed with higher point ahead of VIX closed around 24
This week BankniftyFuture Trend Decider 31800 and 32900
Today BankniftyFuture is facing a intraday resistance at 32400, 32450 and 32600
Once if breaks and sustains above 32600……….. Then finding a next resistance 32850
On another hand BNF is finding a supports 32240 and 32100 which was placed on Friday’s low
If breaks and manages below 32100……….. Will try to check 31900
More live market update will be sent to my clients only
Last close: 1466.65
HDFCBANK reported strong earning on Jan 16. The bank earned a net profit of Rs 8758 crore for the qtr ended Dec 2020, an increased of 18.1% and beat street expectations
Stock facing a intraday resistance 1480 and 1497
If crossover 1497………… More rally will be expected
Supports 1458 and 1445
Updated: 08.23 am / 18th Jan 2021
