19th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 29756.40 (+2.1%)

Bankniftyfuture was shined again…….Index climbed 2.1% on Wednesday

Index was gained consecutive 4th day in a row

Banknifty was opened at 29050 and first 2 hrs sustained 29200-29300 then shot up to 29790

Indusindbank, Icicibank, Sbin, Kotakabank and Axisbank did very well

Hdfcbank gained marginally

BankniftyFuture has formed a strong bullish candle on Wednesday’s trade

Today SGXNifty indicate a negative opening and bank index also will open at negative and likely to witness volatility will be expected during the due to weekly expiry

Today BNF is facing a intraday resistance at 29860 and 29970

If crossover 29970………… Rally will be expected up to 30170

Today BNF considering a supports as 29620 and 29500

If breaks and manages below 29500………. Then will try to check 29300

Don’t short at lower levels!!

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Updated: 08.44 am / 19th Nov 2020