BankniftyFuture last close: 20912.65 (+3.80%)
BankniftyFuture was spiked in last 2 hours from 20400 to 20975.
What a terrible Thursday!!…….
Banking stocks led the rally after SC allowed more time to the DOT to review the payment proposals
Hdfcbank, Axisbank, Kotakbank and SBIN was gained above 4% and Icicibank, Indusindbank, and Bandhanbank was gained 1.50% to 3%
Technical chart indicates Bankniftyfuture is facing a intraday resistance at 21080 and 21200
BNF once if breaks and manages above 21200……… We see more strength up to 21450 and 21600
But…… Stay caution at higher level. BNF is not a bullish mode until if not close above 21750.
Today BNF can be considering a supports 20720, 20580, 20350 and 20100
Don’t short at very lower levels!!……Think to buy at lower levels and keep a stop of supports.
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Updated : 08.28 AM / 19th June 2020
