20th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 28912.05 (-2.8%)

Bulls dominated first half session and bears dominated second half with huge power

BankniftyFuture was opened at 29375 and went up to 29608 then sustained 29400-29500

After 1.30 pm…………… Bears return to high power and index slipped up to 28820

All banking stocks was seen profit taking

Sbin, Icicibank, Axisbank, Hdfcbank and Indusindbank seen selling pressure

Yesterday I have recommended 29400CE at 150 and booked profit at 260 in first half

In second half given 29400PE at 120 and booked profit at 280 then went up to 570

BankniftyFuture was formed a bearish intraday candle after 13 consecutive winning streak

Up and down trend is must for healthy market….. As expected market falling on yesterday

Today BankniftyFuture is facing a intraday resistance at 29050, 29170 and 29350

If crossover 29350…………. Then will move up to 29550. But stay caution at higher level

Today BNF considering a supports 28820 and 28700

Below 28700…………. Will try to check 28475

More live market update will be sent to my clients only

Updated: 08.51 am / 20th Nov 2020