BankniftyFuture last close: 22287.30 (+1.4%)
BankniftyFuture was seen volatility between 22150 to 22400 in whole day
BNF made a high of 22474 and low of 22122. Finally settled at 22287
HDFCBank surged 3.15%, Icicibank added 2.60% SBIN, and Indusindbank gained 1.5%
Kotakbank looks tired and closed marginal loss 0.6%
Overall, BNF is not significant climb despite of Nifty surging
Hdfcbank came good earnings report and today Axisbank will declaring earnings report. If comes good result BNF will be surged.
SGXNifty indicate a gap up and followed by Bank index will be opened 200-300 pts gap up
Today BankniftyFuture is facing a intraday resistance at 22390 and 22500
If breaks and manages above 22500 will try to check 22675 and 22850
Today BNF can be considered as supports as 22250, 22160 and 22050
Buy on declines………. Don’t think to short at lower levels!!
More live market update will be sent to my clients only
HDFCBANK surged 3.1% on yesterday’s trade
Favored for bulls, Can buy on declines
Expected rally 1150, 1165 and 1180
Supports 1133 and 1120
Updated: 08.10 am / 21st July 2020
