BankniftyFuture last close: 31815.70 (-1.5%)
Bankniftyfuture was opened on Friday’s closing rate around 32320 then went to 32467 thereafter slipped up to 31691.70
In last 1 hour Banknifty slipped almost 300 points
HDFCBANK did well and stock surged 1.5% despite bank index fell 1.5%
Suppose if hdfcbank not contribute to bank index maybe falling another 1% to 1.5%
PSU Banks was seen profit booking
Option premium was melting in last 30-45 minutes
SGXNifty indicate a positive opening for the index and bank index also will open positive
Today BankniftyFuture is facing a intraday resistance at 31930, 32050 and 32250
Major hurdle around 32250……. If crossover will try to move 32400+
But……… Stay caution at higher levels. Avoid fresh buying at resistance zone!!
Today BNF can be considered as supports as 31680 and 31600
Below 31600……… Finding a next support around 31400
More live market update will be sent to my clients only
Updated: 08.35 am / 19th Jan 2021
