BankniftyFuture last close: 39713.45 (+0.5%)
On Thursday, BankniftyFuture was seen highly volatile but ended 0.5% higher
BankniftyFuture was opened 39400 and went to 39650 then fell to 39330 again shot up to 39782
Private banks did well
Kotakbank was lift the bank index
Hdfcbank did very well
PSU Banks was seen consolidation
VIX sustained around 17.30
BankniftyFuture was formed a bullish candle which was indicated bullish trend
BankniftyFuture is facing a intraday resistance 39800, 39870 and 40000
Once if breaks 40000 and manages above the level will try to move 40200
On other hands, BNF can be considered as supports as 39600, 36460 and 39200
If there is any declines can buy with a stop of 39200
Below 39200….. Expecting some weakness
Updated: 08.30 am / 19th Aug 2022
