BankniftyFuture last close : 17531.60 (-6.80%)
What a panic selling on Yesterday’s trade!!…….BankniftyFuture was dropped 1276 points
Large bank stocks was fell more than 7%. Icicibank, Hdfcbank, Kotakbank, Axisbank and SBIN
BNF index fell almost 2 months low. In last 3 sessions BNF was fell 2700 points!!
As per global cues BNF will open gap up…….. But million $ question, Is sustain at opening level ?
Today BNF is facing a intraday resistance at 17870, 18050 and 18250
If crossover 18250 and holds above the level will try to move 18470 and 18700
First 15 minutes high is very important. If not sustain at opening gain
Expecting selling pressure and considering supports 17760, 17600 and 17300
Don’t short at very lower levels!!
More live market update will be send to my clients only
Updated : 08.31 AM / 19th May 2020
