20th April 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 31239.70 (-2.6%)

BankniftyFuture was opened gap down at 31100 and made a low of 30451 then shot up to 31337 on April 19

BNF was recovered almost 900 points from intraday low but index fell more than 800 points in daily basis

HDFCbank punished by street due to below expect result

Icicibank, Axisbank, Sbin and Kotakbank fell significantly

Option premium seems too high ahead of VIX climbed 10%

BankniftyFuture is facing a intraday resistance 31400 and 31520

If stays above 31520 then will try to move 31750 and 32000

But…….. Stay caution at higher levels like around 32k

Today BNF considering a supports 31150, 31000 and 30750

Below 30750, Finding a next support 30450 which was yesterday’s low

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.30 am / 20th April 2021