Banknfity Future last close : 26757.20
India’s central bank has approved an early transfer of a part of its profit to the government. The RBI has approved Rs 28,000 Cr as an interim dividend according to a statement.
This is the second straight year that the RBI has announced an advance payment to Modi’s Govt.
Today BANKNIFTY Fut is facing a intraday resistance at 26800-26860
If crossover 26860 with volumes, will try to move 26960.
Stay caution at higher levels….
Today BNF can be considered as supports as 26700-26640
Below 26640, Will try to check 26530. Don’t short at lower levels!!
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Updated : 08.56 AM / 19th Feb 2019
